Single-family home sales in Connecticut climbed for the second consecutive month in August, according to a report released today from the Warren Group, a real estate data tracking group. There were 2,644 Connecticut home sales in August, marking a 7 percent climb from the same time period in the previous year, the data shows. Timothy Warren, CEO of the Warren Group, said that while the data is a good indicator of market recovery, other economic concerns linger. “The gains in home sales for two consecutive months is a good boost for Connecticut’s housing market, especially since sales have been slumping since 2005,” Warren said. “However, unemployment and mortgage delinquencies remain a concern, and prices continue to erode from last year’s levels, evidence that the housing recovery will be slow.”
TRD
(Source: The Warren Group)