Connecticut Home Price Drop Largest in US in Second Quarter

Connecticut Gay Real EstateConnecticut is leading the nation in declining home prices, one of just eight states to lose ground in the second quarter of this year, according to a new federal report.

And Fairfield County took a particularly strong hit, with prices down more than 8 percent from 2011, according to new numbers released by the Connecticut Association of Realtors.

While median prices for single-family homes rose nationally by 3 percent during the second quarter — compared with the same period in 2011 — in Connecticut they fell by 4.7 percent, according to the latest House Price Index prepared by the Federal Housing Finance Agency.

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Authored By Keith M. Phaneuf – See the Full Story at the CT Mirror

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