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Connecticut’s statewide median single-family sale price rose substantially in November, according to new home sales data, while the year-over-year fall in numbers of single-family sales appears to be slowing.

November 2023 saw 2,047 single-family homes change hands across the state, down only 5.36 percent from November 2022 according to The Warren Group, publisher of The Commercial Record.

It marks the second straight month where the year-over-year decline in home sales has been below 10 percent. In each month between June 2022 and September 2023, single-family sales fell by nearly 26 percent year-over-year on average, with many months exceeding that figure as sellers and buyers alike pulled back in the face of escalating mortgage interest rates.

Despite this slowdown in sales declines, prices still leapt up. The median single-family sale price statewide was $380,000 in November, up 8.57 percent from the same month the year before, up from October’s 4.9 percent year-over-year increase and the biggest year-over-year jump in the monthly median sale price since October 2022.

Condominium sales statewide followed a similar trajectory, according to data from The Warren Group.

While only 700 sold statewide in November, that was down less than half a percent over November 2022 and the second straight month with less than a 12 percent year-over-year decline. Between June 2022 and September 2023, the average year-over-year decline in monthly condo sales was 23.45 percent.

The statewide condominium sale price hit $252,721 in November, a 12.82 percent increase over November 2022.

In total, 23,361 single-family homes sold between Jan. 1 and Nov. 30, 2023, at a median sale price of $375,000. A total of 7,866 condos sold over the same period at a median sale price of $250,000.