House sales are showing some promise in Connecticut, but prices are still weak. In my story from Sunday’s Courant, I take a look at what is happening in the state’s housing market:
After seven years of slowing house sales in Connecticut, this year is off to a pretty appetizing start — at least when it comes to the total number of closings.
House sales rose in each of the first four months of the year, compared with a year ago, capped off by a rousing, 25 percent increase in April. There hasn’t been a streak like that since early 2004.
Photo by Justin Sullivan/Getty Images
But prices — falling for more than a year now after an uptick in 2010 — appear to be still on the decline in most cities and towns.
Check out sales and median prices in your town or city here in our searchable database.
After that small improvement in 2010, and a false start last year, this was the spring when hopes were high for the long-suffering housing market. An analysis by The Courant of town-by-town data for the first four months of the year, however, shows that the recovery remains spotty and elusive — strong in some places, weak in others, with no clear pattern emerging.
Read the full story here.
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