HUD

Connecticut Housing Endures Worst Year Since 1996 

Connecticut’s housing market faltered in 2006, as the double-digit increases in median price that had characterized the previous four years came to a halt. The year-end median price for single-family homes rose just 0.7 percent over 2005’s prices, while sales volume suffered as well, with 37,227 single family homes sold. The sales number represented the first time fewer than 40,000 were sold in a year since 1996, according to Boston-based The Warren Group, a provider of real estate data for the New England region of the US.