New England Home Sales Surged in October

New England Home Sales Surged in OctoberHome sales in Connecticut and every other state in New England rose strongly in October compared with a year earlier, RE/MAX of New England reported this week.

Connecticut unit sales rose 16.8 percent while median sale price climbed 6.4 percent. The percentage price increase was the second highest in the region, trailing only New Hampshire’s 9.1 percent. Connecticut’s unit sale percentage increase was the smallest of the five states with Rhode Island’s 43 percent being the highest accompanied by a 4.4 percent rise in median price.

Connecticut’s median price climbed to $265,000 from $248,975 while unit sales rose to 2,644 from 2,264 in October 2011, RE/MAX said.

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Authored By James Mosher – See the Full Story at the Norwich Bulletin

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