New Report Shows Notable Rise in Home Sales in July but Expected to Slow

Connecticut Pending Sales Tick Upwards in July

After a slow start to the year, pending sales of single-family homes in Connecticut saw a slight increase as year-to-date sales remain marginally down.

New Report Shows Notable Rise in Home Sales in July but Expected to Slow

A new report from Zillow shows home sales up 7% in July–the strongest annual gain seen so far this year–but a closer look at the data reveals newly pending listings are up just 0.3% year-over-year, suggesting that the summer sales bump won’t last. According to Zillow, July’s headline sales figure reflects contracts signed weeks earlier,… The post New Report Shows Notable Rise in Home Sales in July but Expected to Slow appeared first on RISMedia.