In today’s “Commercial Record”

A 4.5 percent decrease in year-over-year October home prices in Connecticut puts the state in the top 15 nationwide for largest decreases, and ahead of the national average of a 3.9 percent decline, according to housing tracking firm CoreLogic.

Connecticut ranked 14th in the country when ranked by rate of depreciation of single-family homes. Neighboring Massachusetts was 16th, with a 3.9 percent dip.

Excluding distressed sales, which include short sales and REO transactions, Connecticut single-family homes fell 3.1 percent in value year-over-year in October. The national average excluding distressed sales was a 0.5 percent dip.

Including distressed sales, the five states with the greatest depreciation were: Nevada (-12.1 percent), Illinois (-9.4 percent), Arizona (-8.1 percent), Minnesota (-7.9 percent) and Georgia (-7.3 percent).

Just 16 states and the District of Columbia were flat with last year or registered year-over-year gains in October, according to CoreLogic.

Including distressed sales, the five areas with the highest appreciation were:  West Virginia (+4.8 percent), South Dakota (+3.1 percent), New York (+3 percent), District of Columbia (+2.4 percent) and Alaska (+2.1 percent).

More…

Commercial Record.

Advertisements