Single-family home sales in Connecticut fell in June, though the median price climbed to a five-year high, a report said Tuesday.
Sales of 3,753 single-family homes were down 4.4% from 3,927 homes sold in June 2017, according to the monthly report by The Warren Group.
The median single-family home price — in which half the sales are above and half below — increased 2.9%, to $280,000, the highest price for June since 2013, according to Warren, which publishes The Commercial Record and tracks real estate trends in New England.
"Hitting a five-year high is encouraging, but we need to keep in mind that the market has still not hit its pre-recession peaks," said Chief Executive Officer Timothy Warren.
In June 2007 the median price was $325,000 and in June 2004 the number of homes sold was 5,200. Both are substantially higher than current sales numbers and prices, he said.
Numbers for the first six months of 2018 were mixed. Through the end of June, 15,523 single-family homes sold, down 1.5% from the first six months of 2017. The median sale price for the same period was $254,000, an increase of 3.7%.
Condominium sales of 937 fell 3.6% in June, down from 972 a year earlier.
The median sale price declined 2.3%, to $171,000, from $175,000 in June 2017. Through the end of June, 4,234 condos sold at a median price of $164,000.
"June condo sales have exceeded 900 transactions for two consecutive years," Warren said.
The last time June condo sales surpassed this mark was in 2010, demonstrating that more buyers are turning to condominiums for homeownership "and will probably continue to do so in the coming months," he said.
