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Connecticut State Overview

Naomi M — Sat, 29 Sep 2007 11:37:43 -0500

Connecticut housing market seen as steady

Mon, 08 Oct 2007 21:22:32 -0500

Despite slightly slower sales, the median price of a single-family home rose nearly 5 percent in August to $299,900, from $286,000 for the same month a year ago. The increase represents the fifth consecutive month of gains in the median price, where half the sales are above and half are below.

East Hartford Connecticut housing market getting back to normal

Fri, 05 Oct 2007 00:00:00 -0500

According to the numbers, for the period between January and July of last year, there were 351 residential properties sold in East Hartford, compared to 295 homes transferred during the same months in 2006. Median prices have remained also more or less steady, increasing only by about $4,000 per sale, from a median price of $180,200, in 2006, to a median of 184,370 in 2007.

Connecticut luxury homes sales are sluggish

Naomi M — Mon, 25 Jun 2007 00:00:00 -0500

"Like everything else, luxury is following the current trend, which is slow at the present time," says Norm Krayem, president of the Connecticut Association of Realtors. "We expected a steady market this year, leveling at two to three percent growth," Krayem says, "but what we've seen so far, depending on where you are, is a drop of two to six percent in prices and sales down 22 to 25 percent."

Barbara Pearce, president of H. Pearce Co., Realtors, also describes real estate sales this year, including luxury homes as "slow and spotty.