Huh? Local Condo Sales Down, But Prices are Up?
There was an interesting article published in the Hartford Business Journal yesterday regarding local condo sales. For the first six months of this year, condo sales are off by more than 16% in Hartford County compared to 2006. However, the median price is up 1.5% over 2006. Huh? With more inventory sitting out there longer, why aren’t buyers paying less? My guess is that we are talking median sales price vs. mean sales price. I