Fourth Quarter 2016 Connecticut Market Report

January 24, 2017

 

FOURTH QUARTER 2016 BY THE NUMBERS

 

• Single family homes in Connecticut saw an increase of 1.27% in sales YOY with a slight decrease in sales volume by 0.39%. The average price decreased 1.64% ($347,000) and average days on market went from 141 days in Quarter Four 2015 to 138 days in Fourth Quarter 2016, a 1.97% decrease.

 

• Condominium sales in Connecticut jumped 4.0% YOY and increased 3.51% in sales volume. The average sales price decreased slightly by 0.47% ($223,600) and average days on market went from 137 in the Fourth Quarter 2015 to 139 in the Fourth Quarter 2016, a 1.08% increase YOY.

 

• Sales $2 - $3 million were at 66 units in Fourth Quarter 2016, down from 84 units in Third Quarter 2016. There were 34 sales in the $3-5 million and 7 sales over the $5 million range.

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