STONINGTON — The latest figures from The Warren Group show that single-family home sales in Stonington through April were running 34.5% percent lower than the sales recorded during the same period in 2018.
Year-to-date, Warren reported, 38 sales were completed in the first four months of 2019, compared with 58 a year earlier. The drop-off was especially steep in April, when 11 homes changed hands, compared with 24 in April 2018.
The median sale price was $380,000, compared with $312,500 the year before. Year-to-date, the median price was $337,500, compared with $298,000 for the same period last year, a gain of 13.3%.
Statewide, the Massachusetts-based financial publisher counted 2,575 transactions in April, down 5 percent from the 2,710 recorded in April 2018. This was the ninth consecutive month declining home sales on a year-over-year basis. At the same time, the median sales price was unchanged on a year-over-year basis at $250,000.
Year-to-date, there have been 8,081 single-family home sales in Connecticut, down 6.6 percent from the first four months of 2018.
Cassidy Norton, associate publisher, said, “Recent trends in Connecticut have seen far too many homes for sale; that glut of housing depressed the median sale price. Though prices are down slightly from this time last year to date, I expect they will rise in the spring market if the number of sales remains low.”
In North Stonington, 11 homes were sold through April, four fewer than the total of a year earlier. There was one sale in April, compared with four in April 2018. The year-to-date median sales price was $264,000 compared with $285,000 a year ago.
Warren also reported than two condominiums had sold through April in Stonington, compared with eight in April 2018.