By Aroosa Masroor
A study released today finds signs of stabilizing housing prices in Connecticut after more than a year of declines.
Over the past year, prices have stabilized or increased throughout most of the state market, and areas with declines also showed improvement with smaller drops, according to a study by the Center for Real Estate and Urban Economic Studies at the University of Connecticut.
Strongest in the second quarter of 2012 were in the Enfield and Norwich-New London areas, where single-family house prices gained about 7 percent in the first quarter of 2012 and 15 percent in the second quarter.
The UConn analysis also found that prices in the Danbury area remained unchanged, while the Bridgeport-Stamford market had a relatively modest 2.8 percent decline compared with 2011 figures. In Greater Hartford, however, prices continued to decline by 5 percent, the research found.
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