The Connecticut Association of Realtors reported today that single-family home sales rose 9.1 percent in February, when compared to the same month last year.
While the number of homes increased to 1,532 from 1,404 last year, the median sales price dropped by 0.9 percent, falling to $225,000 from $227,000.
Condos also picked up in February 2015 compared to February 2014, up 6.4 percent with 417 units sold last month. Like single family homes, condos also experienced a small dip in median sales price, down 0.6 percent to $142,000.
Home sales outpaced the national trend line when comparing the two Februaries, according to the Association:
Statistics released from the National Association of REALTORS® on Mar. 23 indicate total home sales nationwide (includes single-family homes, single-family homes, townhomes, condominiums and co-ops) increased 7.5 percent comparing February 2015 to February 2014; and the median national home sales price is $202,600. Regionally, Northeast home sales increased 3.6 percent in that same time period; with a median sales price of $241,800.
“I am elated to see the market breaking out of the doldrums of winter early,” said Connecticut Realtors President Sandy Schede. “The positive signs we saw in the market appear to be resulting in real growth.”