Connecticut home sales surged in September, rising to the highest level in six years for the month, a new report today shows.
Single-family house sales rose more than 21 percent in September, to 2,326, from 1,916 for the same month a year ago, according to the monthly report from The Warren Group, which tracks housing trends in New England.
Sales in the most recent month were the highest for the month of September since 2007 when the housing market was sliding into recession.
“Despite rising interest rates, home sales have remained strong this entire year,” said Timothy M. Warren Jr., Warren Group’s chief executive. “Median prices continue their upward surge with an 8-percent gain, indicating strong demand and a shortage of supply.”
The median sale price of a single-family house rose 8.7 percent to $250,000 in September, up from $230,000 for the same month a year ago.
Through the first nine months of the year, single-family house sales in Connecticut are up 6 percent and the median sale price gained 10 percent.
Read more about today’s report here.