Home prices across Connecticut — hit hard in a housing downturn that gripped the state a decade ago — have yet to stage a broad-based recovery and remain 15 percent below the peak in 2007.
An analysis by The Courant of single-family house sale price data from 2007-2017 reveals no brighter picture when broken down by county. None of Connecticut’s eight counties has seen median sale prices recover anywhere near 2007 levels.
And among Connecticut’s 169 municipalities, just 12, including West Hartford and Southington, have either reached or surpassed the annual median sale price in 2007, according to the data provided by The Warren Group, which tracks real estate trends and publishes The Commercial Record.> A Decade Later, Home Prices Still Have Not Recovered In Connecticut A decade after the start of the Great Recession, home prices in Connecticut have yet to recover the numbers that peaked in 2007. An analysis by The Courant of single-family house price data supplied by The Warren Group shows that...
The numbers are dismal, even for real estate agent Joanne Breen. Breen has lived through three or four recessions during her nearly 40-year career, and she said she has never seen a housing downturn like the past decade.
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