Report: Home, condo sales up in state, but at lower prices

HARTFORD, Conn. (AP) — A real estate research group says single-family home and condo sales in Connecticut jumped in February, but at lower prices.

The Warren Group said Wednesday that sales of 1,352 homes were up nearly 14 percent, compared with 1,188 in February 2014. It was the strongest sales for February since 2008.

The median price of a single-family home fell by nearly 5 percent in February, to $224,750 compared with $236,000 a year ago. It was the second consecutive month the median price of a home has declined.

Year-to-date, home sales were up 2.9 percent, with 2,711 transactions compared with 2,636 during the year-ago period.

Condominium sales statewide posted a double-digit increase in February, climbing 14 percent, to 405. The median sales price fell nearly 2 percent, to $152,000.

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