Third Quarter 2016 Connecticut Market Report


THIRD QUARTER 2016 BY THE NUMBERS

• Single family homes in Connecticut saw a slight decrease of 1.4% in sales year over year (YOY) and a decrease in sales volume by 5.0%.

• The condominium market saw a decrease of 4.7% in number of sales when compared to Third Quarter 2015 and a 7.2% decrease in sales volume.

• Average price for single family homes was $378,600, a 3.6% decrease. Average price for condominiums decreased by 2.6% ($222,100) YOY. Average days on market for single family homes was 130 and 135 for condominiums.

• There were 85 sales between $2 - $3 million in Third Quarter 2016, down from 102 units in Second Quarter 2016. There were 41 sales in the $3-5 million range and 14 sales over $5 million.

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© 2020 by Judy Meucci

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