Berkshire Hathaway HomeServices New England Properties recently released the Third Quarter 2015 Connecticut Market Report, valuable resource for anyone looking to buy or sell a home. The report examines the single family and condominium markets throughout Connecticut and is an in-depth analysis of sales and emerging trends in the market.
The third quarter saw a decrease in pricing but a jump in the number of single family home sales when compared to the last quarter with 9,242 sales – up 14.1 percent and a decrease in the number of days on the market. Condominium sales also experienced a jump with 2,227 sales – up 13.1 percent, but experienced a decrease in pricing and remained flat in the number of days on market. Pending sales are up for both single family homes and condominiums, 5.1 percent and 18.2 percent respectively. The number of luxury sales statewide remained flat year over year, however, there was an increase in sales volume due to an 18.8 percent increase in sales in the $3 – $5 million range and 14.3 percent in sales over $5 million.
For more information, visit www.bhhsNEproperties.com.