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State Housing Prices and Sales Down
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Connecticut home prices continued to plunge in June, and sales were down by some 24%. Its the latest evidence that the housing slump is far from over.

The Warren Group, a Boston based real estate data firm publishes monthly updates of both median prices and sales for Connecticut’s housing market.  Prices were off in June by 11%, the second month of double digit declines.  Sales meanwhile have fallen even further.  

For the eighth month in a row, sales plunged by more than 20%, when compared to the same month last year. Once again, Fairfield County was hardest hit, with sales down more than 30% there.  The median sale price for a single family home in the state is now just over 288 thousand dollars, down from 325,000 in June of last year – that’s below the median sales price in 2006.  

Sale price declines were worst in Fairfield, Litchfield, Middlesex and New London counties.  What’s slowing the sales numbers is a glut of what might be termed middle value houses – cheaper homes below 200 thousand dollars, are still moving, and the market for million dollar homes is also relatively robust.