Home sales rise in Conn. in December, including in New London County

SINGLE-FAMILY home sales in New London County in Connecticut increased 3.75 percent in December compared with December 2013, and condominium sales declined 4.17 percent during that same period, according to the latest report by The Warren Group. / COURTESY THE WARREN GROUP
SINGLE-FAMILY home sales in New London County in Connecticut increased 3.75 percent in December compared with December 2013, and condominium sales declined 4.17 percent during that same period, according to the latest report by The Warren Group. / COURTESY THE WARREN GROUP

HARTFORD – Single-family home sales in Connecticut increased 1.7 percent in December, marking the fourth consecutive month sales have increased year over year, according to the latest report by The Warren Group.
In December, 2,196 single-family homes were sold in Connecticut, compared with 2,160 sold in December 2013. This marked the highest number of sales for the month of December since 2009, when there were 2,216 homes sold. However, for the year, sales dipped 1 percent to 25,660 compared with 25,919 during 2013.
In New London County, there were 166 single-family home sales in December, a 3.75 percent increase compared with December 2013. For the year, sales increased 4.75 percent to 2,029. The median sales price also rose 3.25 percent to $222,500. For 2014, the median sales price slipped 1.35 percent to $219,500.
Statewide, the median sales price fell 2.1 percent to $240,000 in December, versus $245,000 a year earlier. For the full year, the median price for homes sold was $251,500, falling 3.3 percent from $260,000 in the prior year.
“Connecticut single-family home and condos ended the year with increases in sales in the month of December,” The Warren Group CEO Timothy M. Warren Jr. said in a statement. “Median prices for both decreased, but I think that will change in 2015 as we see more and more first-time buyers hitting the market and looking for great deals.”
In New London County, condominium sales fell 4.17 percent to 23 in December, compared with 24 in December 2013. On the year, sales jumped nearly 18 percent to 316.
Median sales price also increased 27.1 percent, to $143,000 from $112,500. The median sales price for 2014 decreased 3.1 percent to $133,000.
Condominium sales statewide posted a 4.9 percent increase in December to 603 from the same time a year ago. Full-year condo sales rose 3.1 percent, increasing to 6,961.
The median sales price for condominiums in December fell 4.8 percent to $160,000 from $168,000 in December 2013. The median selling price of condos for the full year was $168,500, a 1.4 percent drop a year ago.

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