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Thu October 10, 2013
Boost in Connecticut Home Sales During August
August saw a big boost in home sales in Connecticut, with 2,893 homes sold that month. It's the highest number of single family homes sold for that month in six years, up ten percent from the same month in 2012.
The numbers were a dip from July, but still showed the second highest sales volume for a single month this year. For the first eight months of the year, sales are up four percent over the same period last year.
Prices also rose. The median price of a single family home was up almost 12 percent in August over the same time a year ago. It marked the 11th straight month of rising prices. Fairfield County led the boost in sales, seeing a 24 percent gain. Only two Connecticut counties, Windham and Middlesex, were left out of the market improvement.
The numbers come from the Warren Group, a Boston-based real estate data firm. The group warns that although the housing market it showing steady improvement, there's a real concern that it could be set back by the effect of the government shutdown on the overall economy.