Connecticut Homes, Condos See Strong Gains in Sales and Prices in April

In what seems to be an ever-increasing trend, both sales and prices of homes and condos in Connecticut increasedon a year-over-year basis in April, according to a recent report by ""the Warren Group"":http://www.thewarrengroup.com/portal/Default.aspx, a provider of real estate data in New England.

[IMAGE]

""Sales of single-family homes and condos have been climbing year-over-year for seven straight months now and prices have also been on the rise,"" said Timothy M. Warren Jr., CEO of the Warren Group. ""There is definitely growing confidence in the housing market, but foreclosure activity and high unemployment continue to threaten the housing market recovery.""

[COLUMN_BREAK]

With a total of 2,163 transactions during the month, statewide single-family home sales soared 41.3 percent in April compared to year-ago levels. And for the first four months of the year, 6,687 single-family home sales were recorded, up 31.4 percent from the same period last year.

Data regarding sales of condos in Connecticut was even more impressive. Increasing for the seventh consecutive month, condo sales in April of this year surged 50.7 percent from April of 2009. In addition, year-to-date condo sales totaled 2,002 units, up 30.6 percent from one year earlier.

Connecticut's home and condo prices were also on an upswing in April.

According to the Warren Group, the statewide median home price in April was $235,000, climbing 3.3 percent from a year ago. Furthermore, the median price for the first four months of this year rose 5.8 percent to $236,000.

As for condo prices, the Warren Group said April's median unit price was $179,900, a 5.2 percent jump from the same month last year. And the year-to-date median condo price inched up 2.9 percent to $180,000.