Saturday, April 22, 2017

Connecticut home sales and median prices statewide rose in March 2017

Connecticut home sales and median prices statewide rose in March, according to data from my Ct Assn of REALTORS, of which I am a member since 1996
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There were 2,527 single-family units sold cross state last month compared to  2,404 sold in Mach 2016,

The median price ( not average)  was $237,000 in March 2017 , a 3.1 % increase  from $229,900 median price in March 2016.

Condo sales cross state increased 17.3 % in March 2017  to 697 condos  from 594 condos in March 2016.
The median (not average) sale price for sold condos went up  7.1 % to $151,000 compared to. $141,000 in March 2016.

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Median is the central point of the set. In statistics, it is usually the number that occurs in the middle of a set of numbers. A description of the average can be in the median, some of the time, if it is considered as the most suitable way to describe the central tendency of a particular sample

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