Has Connecticut’s luxury home market made a permanent comeback, or is the recent uptick just a temporary blip?

Sales of $1 million-plus single-family homes statewide have more than doubled in the first six months of this year compared to the same period in 2009, according to a new report by Commercial Record Staff Writer Colleen Sullivan. The report attributes the spike to more favorable rates for jumbo loans.

The super high-end has fared even better. Sales of homes with price tags of $3 million and higher have actually tripled, according to statistics from The Warren Group.

Are the lower jumbo rates the key factor, or is confidence in the housing market and the overall economy driving factors? Of course, the jump might seem so sharp because last year home sales in the high end were really dragging.

And should we expect to see an increase in the second half of the year?

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