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Archive for April, 2010

Good Time To Buy A House?

Tuesday, April 6th, 2010

A new poll shows that Americans think now is the time to buy a house. 

More than 60 percent of respondents to a Fannie Mae survey said it was a good time to buy.

And judging from the latest housing report from The Warren Group, so do Connecticut residents.  

The Warren Group reported that sales of single-family homes shot up 27 percent, while condo sales jumped about 20 percent in February compared to a year earlier.

Prices for both also climbed by about 4 percent.

Ridgefield, Woodstock, Haddam, Killingly, New Haven and Windsor had impressive gains in single-family median home prices in February, according to The Warren Group.

In the affluent New York City suburb of Ridgefield, the median price for single-family homes sold in February ballooned 62 percent $600,000 from $370,000 in February 2009.

In rural Woodstock, the median home price soared 56 percent to $252,900 from $162,310.

All the other communities experienced year-over-year price increases of between 45 and 52 percent.