CT: Hartford-Area Home Prices Rose in August

Connecticut Gay Real EstateHouse sales in Greater Hartford rose for the second month in a row in August, but prices again weakened — signs that foreclosures continue to hamper the recovery of the area’s housing market.

Closed sales of single-family houses in the 57-town market tracked by the Greater Hartford Association of Realtors climbed 14 percent in August, to 754, compared with 663 a year earlier. The median sale price fell 4.5 percent to $229,200, from $240,000 in the same period, the association said Tuesday.

“The price declines are due to foreclosure sales,” John Zubretsky Jr., president of Century 21 Access America in Wethersfield. “If you factor those out, there would be price declines, but not as steep.” Zubretsky estimates that as much as a third of the sales registered in August were likely foreclosure sales.

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Full Story from The Hartford Courant

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