An article in todays's local paper revealed some interesting facts:
Litchfield County single-family home sales: In 2006 a total of 2,322
In 2007 a total of 2,096, for a 9.7 percent decline.
Fairfield County single-family home sales: In 2006 a total of 8,571
In 2006 a total of 8,120, for a 5.3 percent decline.
What's interesting is that the falling sales have NOT kept prices from rising.
The median sales price for single-family homes in Connecticut rose 2 percent compared to the same point in 2006-from $263,250 in November 2006 to $268,500 in November 2007. November's median price was up 1.3 percent from October's median of $265,000.
The figures were reported by The Warren Group. a producer of several real estate publications.
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