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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