According to a new report by The Warren Group, a real estate information company, sales of single family homes in Connecticut increased almost 14% this February, compared to February 2014. The 1,352 homes sold is the highest February number since 2008. However, the report also notes that the median price of a single family home dropped by almost 5%, to $224,750.
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Berkshire Hathaway also reported real estate sales by county. Windham County had the largest increase of any county in Connecticut, with sale prices increasing 11.6%, followed by New Haven County at 2.8%. Sale prices in Fairfield, Hartford, Litchfield, Middlesex, New London and Tolland Counties decreased. However, the number of sales increased in Fairfield, Litchfield, New Haven, and Windham counties.
Nationwide, the housing market appears to be increasing. The Case-Shiller index, which measures single family home prices, increased 5% in February (compared to February 2014).