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Report: Home Sales Grow 13% In Fairfield County; Best Month Since '07

Cassidy Murphy, editorial director of The Warren Group.
Cassidy Murphy, editorial director of The Warren Group. Photo Credit: Provided

FAIRFIELD COUNTY, Conn. – Connecticut recorded 3,415 single-family home sales in July, the most in a single month since August 2007, according to a new report from The Warren Group, publisher of The Commercial Record.

The sales signified an 8.2 percent increase from last year’s July total, the report said. There have been 15,775 sales so far in 2015, an 11.9 percent increase from the 14,050 sales through July 2014, the report said.

“Inventory is good in most areas and the pace of home sales has picked up while prices fall in tandem,” said Cassidy Murphy, editorial director of The Warren Group, in a press release. “July’s numbers reflect the continued steady growth of the housing market this year.”

Here are the percentage increases or decreases in sales by county:

  • Fairfield: 13.29%
  • Hartford: 7.06%
  • Litchfield: -7.25%
  • Middlesex: 4.14%
  • New Haven: 8.07%
  • New London: 30.05%
  • Tolland: -7.19%
  • Windham: -6.48%

The median sales price for single-family homes in Connecticut in July was $271,000, a 1.4 percent decrease from last July’s price, the report said. So far in 2015, the median sales price is $250,000, down 1.9 percent from this time last year, the report said.

Condominium sales in Connecticut rose 12 percent in July compared to last July, with 857 sales this year compared to 765 last year, the report said. The median sales price in July for condos dropped 6.1 percent compared to July 2014 to $169,900, the report said. So far this year, there have been 4,215 condo sales, a 9.7 percent increase compared to the same time in 2014, the report said. The median price year to date has dropped 3.5 percent to $164,000 this yea, the report said.

The Warren Group has been recording and tracking real estate transactions since 1872.

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