Connecticut Home Prices Up for Fifth Month in a Row; Sales Down Slightly in August, According to The Warren Group.Connecticut Connecticut, state, United States Connecticut (kənĕt`ĭkət), southernmost of the New England states of the NE United States. It is bordered by Massachusetts (N), Rhode Island (E), Long Island Sound (S), and New York (W). Continues to Defy Slumps in Other New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. States BOSTON Boston, town, England Boston, town (1991 pop. 26,495), E central England, on the Witham River. Boston's fame as a port dates from the 13th cent., when it was a Hanseatic port trading wool and wine. Having recovered from a decline in the 18th and 19th cent. -- The median price of a single-family home rose again in August, although sales fell slightly, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. The Warren Group, publisher of The Commercial Record. The median price rose 4.9 percent during the month from $286,000 in August 2006 to $299,900 this year. The year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. median price for single-family homes is up 2.1 percent from $280,000 during the first eight months of 2006 to $286,000 this year. Single-family home sales fell 1.8 percent in August from 3,921 last year to 3,849 this year. Year-to-date sales are down 3.7 percent from 25,682 last year to 24,727 this year. "Although slightly fewer people are buying homes this year, Connecticut real estate's desirability isn't faltering," said Timothy Warren Jr., CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of The Warren Group. "Prices continue to rise in counties all across the state, although they're not rising nearly as quickly as they were three to five years ago. It's the definition of a soft landing." Condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. prices are also faring well so far this year, although sales are dropping more steeply than single-family home sales. August sales fell 15.1 percent from 1,576 in 2006 to 1,338 this year. Year-to-date sales are down 9.1 percent from 10,419 last year to 9,475. The median price of condominiums rose 3.9 percent in August from $192,500 to $200,000. The year-to-date median price is up 4.2 percent from $192,000 last year to $200,000 this year. Statistics for all cities and towns available by request. About The Warren Group The Warren Group, based in Boston, is the publisher of Banker & Tradesman, The Commercial Record and a series of association publications. As the premier provider of real estate data in New England, The Warren Group offers a range of real estate products and services for professionals and consumers searching for real estate and financial information. For more information about The Warren Group, please visit www.thewarrengroup.com or call 800-356-8805. |
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