Home sales post strong rise in June as prices fall

HARTFORD, Conn. (AP) — A real estate research group says home sales in Connecticut jumped in June, but at reduced selling prices.

The Warren Group said Tuesday that 2,799 single-family homes were sold in June, up nearly 6 percent since June 2013. The Boston group says the increase was the best since last August when 2,897 homes were sold.

Home prices, however, fell 3.2 percent in June compared with June 2013. The median sales price of a single-family home statewide decreased to $276,000 from $285,000 in June 2013.  And second-quarter sales fell by about 5 percent, with 6,679 sales compared with 7,020 in the second quarter of last year.

Timothy M. Warren Jr., chief executive of the Warren Group, said Connecticut’s real estate market is not robust, but is showing a solid recovery.

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