October single-family home and condo sales in Connecticut saw double-digit percent increases from the same month a year ago while median prices dropped, according to a report released today by real estate data provider the Warren Group (see all the data below). Single-family home sales rose 11.5 percent year-over-year to 2,371 in October 2009, marking the third month that year-over-year sales increased. Meanwhile, the median price for single-family homes dropped 4.4 percent to $239,000 from October 2008, the data shows. Timothy Warren, CEO of the Warren Group, attributed the jump in sales to the first-time homebuyer tax credit. He was cautiously optimistic in his interpretation of the data. “While gains in sales volume are pointing to a housing recovery, we have to keep in mind that home prices are still declining year-over-year, so the housing market hasn’t completely turned a corner,” Warren said. TRD
CT Home Sales Data October 2008 – 2009