Home sales in Connecticut see jump year-over-year

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HARTFORD–A new report from Connecticut REALTORS, a statewide trade association representing real estate agents, has found that home sales have jumped in the past year.

According to a new report, single-family residential home sales increased 7.4 percent from June 2015 to June 2016. However, the median home sale price remained flat at $275,000.

Meanwhile, sales of townhouses and condominiums also saw an increase; 6.2 percent more units were sold in June 2016 than June 2015. In this case, the median price also saw a slight increase of 2.3 percent, from $166,125 to $170,000.

According to the report, nationwide statistics indicate that sales for all three types of homes increased 3 percent over that year period, and the median sales price is $274,000. In the Northeast, sales rose 5.6 percent and the median sales price was $284,000.