(CBS Connecticut) _ The latest report from The Warren Group shows single-family home sales in Connecticut declining in April by nearly 8 percent compared to the same month a year ago.
That’s the first year-over-year decline in 13 months.
CEO Tim Warren blames the numbers partially on a tough winter and says it’s not necessarily a sign of things to come.
“The biggest months for the closings are June, July and August. That is sort of like the Christmas season for retailers,” Warren said. “We’ll know a lot more about the real estate market’s recovery once we have seen that data.”
Median home prices statewide were down 2 percent.
Condo sales were also down 7 percent compared to April 2013; that comes after two consecutive months of solid increases.