***News Release***

Wallingford, CT – Berkshire Hathaway HomeServices New England Properties has released the First Quarter 2016 Connecticut Market Report, a valuable resource for anyone looking to buy or sell a home. The report examines the single family and condominium markets throughout Connecticut and is an in-depth analysis of sales and emerging trends in the market.

At the end of the First Quarter, unit sales and sales volume were up significantly for both single family homes and condominiums. Sales for single family homes jumped 17.28% and sales volume rose 10.59% year over year (YOY) while average price decreased 5.70%. Every county experienced increases in the number of sales this quarter when compared to last year. Windham County saw the largest increase in closings with a 50% increase year over year, while Hartford County sold the most units in the first quarter with 1,425 homes. Condominium sales increased by 6.87% and sales volume rose 5.09% while average price decreased by 1.66%. Middlesex and Tolland Counties experienced gains in average sales price (12.3% and 16.2% respectively) as well as number of sales. Across the state, lower prices spurred sales and kept the average days on market for a home consistent year over year. For the full market report, please visit: www.bhhsneproperties.com/connecticut-market-report.aspx

At Berkshire Hathaway HomeServices New England Properties, our mission is to provide an unparalleled customer service experience throughout all aspects of the home transaction process. If you have any questions regarding this report, Berkshire Hathaway HomeServices New England Properties Realtors® are here to help you navigate the current market with expert knowledge and exceptional service.

Berkshire Hathaway HomeServices New England and Westchester Properties is a leading real estate brokerage firm with over 1,600 REALTORS® in Connecticut, Rhode Island, and Westchester County, NY.  Selectively chosen by Berkshire Hathaway HomeServices and HomeServices of America; the global reach, financial strength and fresh brand make Berkshire Hathaway HomeServices New England and Westchester Properties the premiere real estate firm in the Northeast.  Whether it be residential, commercial, corporate relocation, equestrian or waterfront living, our company and REALTORS® are local market experts committed to providing exceptional service to our clients. For more information, visit www.bhhsNEproperties.com.