Connecticut Home Sales Jumped 30% in November

Connecticut Real EstateConnecticut home sales surged along with the rest of New England in November compared with a year ago, RE/MAX of New England reported Thursday.

Connecticut unit sales were up 30.2 percent to 2,937 from 2,256 in November 2011. Rhode Island had the biggest percentage increase at 58.5 percent although it was the only one of the five states to report a decline in median sales price (1.5 percent). Massachusetts unit sales rose 29.9 percent with median price climbing 5.5 percent, the highest price gain regionwide.

Median price in Connecticut rose 4.6 percent, the second largest percentage gainer, to $260,000 from $248,650, RE/MAX said. Inventory shrank to 23,156 from 30,815.

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Authored By James Mosher – See the Full Story at The Norwich Bulliten

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