Boston 2010 Real Estate News

Boston Property News

Tuesday, May 5, 2009

Single-family house prices in Connecticut dropped nearly 18 percent in the first quarter from a year earlier, according to Boston real estate publishe

The drop was the steepest drop in decline prices for any quarter since The Warren Group began tracking the state's prices in 1987.

The median sale price for single-family homes in the first three months of this year fell to $220,000 from $267,000 in the year-ago period, The Warren Group report said. The March median home price was $220,000, 18.1 percent lower than the $268,500 median price recorded in March 2008. Monthly median home prices have been falling by double-digit percentages year-over-year for six consecutive months.