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August Home Sales Heat Up in New London County

Rising Condominium Sales  Should Relieve CT Owners

According to a new article by Lee Howard at The Day Newspaper, home sales are on the rise in southeastern CT with a median sales price of $225,000, up from $218k. Condominium sales however rose more significantly, from $127,000 to $220,000. Statewide, the median condo price so far this year is $172,500- a more than 7 percent increase from the median of $161,000 a year ago. These August numbers for condominium units sold are the highest since 2009. Statewide, condo sales rose 3 percent and the median price zoomed up nearly 16 percent.

Although this is a small sample size, the numbers are encouraging for southeastern CT, which has lagged the state and nation as a whole in its economic recovery.

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About the Author

Chris Myers2001 Graduate of UConn with a Bachelor of Science in Management Information Systems. Chris is a licensed Realtor and a property manager since 2002, specializing in condominium association and commercial management. Chris is also a member of CAI and a certified manager of community association's.View all posts by Chris Myers →