Media Releases

Over 20 Percent Rise in Closed Sales of Single-Family Homes in Greater Hartford

Median sales price stable

(Download full release in pdf)

(Hartford, Conn., October 18, 2019) – According to the Greater Hartford Association of REALTORS® (GHAR), closed sales of single family homes in greater Hartford increased 20.31 percent (from 458 to 551) over September of last year. Pending sales increased 18.22 percent (from 461 to 545) and the median sales price increased 0.44 percent (from $240,950 to $242,000). New listings decreased 3.03 percent (from 857 to 831) and inventory dropped 11.36 percent (from 2940 to 2606), during September when compared to last year.

In year-to-date statistics, when compared to last year, closed sales increased 3.12 percent (from 4897 to 5050) and pending sales increased 4.48 percent (from 4981 to 5204). The median sales price remained unchanged at $247,000 and new listings decreased 2.50 percent (from 8126 to 7923), year over year.

Condominium closed sales decreased 10.14 percent (from 148 to 133) over September of last year. Pending sales increased 17.97 percent (from 128 to 151) and the median sale price increased 7.33 percent (from $150,000 to $161,000). Inventory decreased 15.49 percent (from 665 to 562), over this time last year.

Condominium year-to-date statistics, year over year, show closed sales increased 1.69 percent (from 1239 to 1260). The median sale price increased 1.88 percent (from $160,000 to $163,000) during this same time frame.

“It appears that the recent growth in pending sales has now converted into closed sales,” said GHAR CEO, Holly Callanan. “Stable prices are also a welcome sign for buyers and sellers in this market,” she said.

In the national outlook, Lawrence Yun, National Association of REALTORS® chief economist, attributed the increase in sales to falling mortgage rates. “As expected, buyers are finding it hard to resist the current rates,” he said. “The desire to take advantage of these promising conditions is leading more buyers to the market.”

 

The Greater Hartford Association of REALTORS® (GHAR) is the largest local real estate trade association in Connecticut, serving over 4000 members in the greater Hartford real estate brokerage community. The Association provides technology, training, networking and business support to members, and supports a healthy real estate market by upholding high professional and ethical standards through a Code of Ethics, ongoing education and certification programs. As the advocate for the real estate brokerage industry, GHAR is the Voice for Real Estate® in the Greater Hartford region. For more information, call 1.860.561.1800 or visit www.gharonline.com.

Keara Langston, Communications Director
Greater Hartford Association of REALTORS®
t: 860.561.1800  f: 860.561.3573
www.gharonline.com

«  previous  | 1 2 3 4 5 6 7 8 9  |  next  » 


Icon

Over 20 Percent Rise in Closed Sales of Single-Family Homes in Greater Hartford 

Friday, October 18, 2019
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales of single family homes in greater Hartford increased 20.31 percent (from 458 to 551) over September of last year. Pending sales increased 18.22 percent (from 461 to 545) and the median sales price increased 0.44 percent (from $240,950 to $242,000). New listings decreased 3.03 percent (from 857 to 831) and inventory dropped 11.36 percent (from 2940 to 2606), during September when compared to last year.
Icon

Median Sales Price of Single-Family Homes in Greater Hartford Unchanged 

Tuesday, September 17, 2019
According to the Greater Hartford Association of REALTORSŪ (GHAR), the median sales price of single family homes in greater Hartford remained unchanged over August of last year at $254,900. Closed sales decreased 10.2 percent (from 755 to 678) and pending sales increased 10.4 percent (from 616 to 680). New listings decreased 1.0 percent (from 831 to 823) and inventory dropped 9.1 percent (from 2876 to 2614), during this same month, one year ago.
Icon

Increase in Closed Sales of Single-Family Homes in Greater Hartford 

Friday, August 16, 2019
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales of single family homes in greater Hartford increased 0.70 percent (from 713 to 718) over July of last year. The median sale price decreased 4.86 percent (from $278,950 to $265,400) and pending sales increased 2.11 percent (from 663 to 677). New listings decreased 4.73 percent (from 951 to 906) and inventory dropped 8.13 percent (from 2952 to 2712), during this same month, one year ago.
Icon

Drop in Closed Sales of Single-Family Homes in Greater Hartford 

Friday, July 19, 2019
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales of single family homes in greater Hartford decreased 2.18 percent (from 781 to 764) over June of last year. The median sale price decreased 0.74 percent (from $270,000 to $268,000) and pending sales dropped 2.65 percent (from 755 to 735). New listings decreased 3.72 percent (from 1048 to 1009) and inventory dropped 6.01 percent (from 2930 to 2754), during this same year-over-year timeframe.
Icon

Closed Sales of Single-Family Homes in Greater Hartford Rise Over 5 Percent 

Tuesday, June 18, 2019
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales of single family homes in greater Hartford increased 5.32 percent (from 601 to 633). The median sale price increased 8.33 percent (from $240,000 to $260,000) and pending sales rose 11.56 percent (from 666 to 743) over May of 2019. New listings increased 1.70 percent (from 1178 to 1198) and inventory dropped 6.88 percent (from 2909 to 2709), during this same year-over-year timeframe.
Icon

Slight Rise in Median Sale Price of Single-Family Homes in Greater Hartford 

Friday, May 17, 2019
According to the Greater Hartford Association of REALTORSŪ (GHAR), the median sale price of single family homes in greater Hartford increased 0.44 percent (from $225,000 to $226,000). Closed sales decreased 2.85 percent (from 947 to 920) and pending sales dropped 1.82 percent (from 1868 to 1834) over April of 2019. New listings increased 1.36 percent (from 1907 to 1933) and inventory dropped 1.52 percent (from 5006 to 4930), during this same timeframe.
Icon

Decrease in Closed Sales of Single-Family Homes in Greater Hartford 

Tuesday, April 16, 2019
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales of single family homes in greater Hartford dropped 2.67 percent over March of 2018 (from 825 to 803). The median sale price decreased 2.62 percent (from $224,900 to $219,000). New listings increased 0.80 percent (from 1623 to 1636) and inventory dropped 2.29 percent (from 4505 to 4402), during this same timeframe.
Icon

Decrease in Median Sales Price of Single-Family Homes in Greater Hartford 

Wednesday, March 27, 2019
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales of single family homes in greater Hartford rose 5.25 percent over February of 2018 (from 571 to 601). The median sale price decreased 6.98 percent (from $215,000 to $200,000). New listings decreased 15.05 percent (from 1269 to 1078) and inventory dropped 5.55 percent (from 4128 to 3899), during this same timeframe.
Icon

Increase of Closed Sales of Single-Family Homes in Greater Hartford 

Tuesday, February 19, 2019
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales of single family homes in greater Hartford rose 7.92 percent over January of 2018 (from 644 to 695). Pending sales increased 2.42 percent (from 1033 to 1058) and the median sale price decreased 1.20 percent (from $209,000 to $206,500). New listings increased 1.27 percent (from 1103 to 1117) and inventory dropped 1.62 percent (from 3826 to 3764), during this same timeframe.
Icon

Slight Uptick in Median Sales Price of Single-Family Homes in Greater Hartford 

Wednesday, January 16, 2019
The median sale price of single family homes in greater Hartford rose 0.46 percent (from $219,000 to $220,000) from this December over December of last year, according to the Greater Hartford Association of REALTORSŪ (GHAR). Closed sales remained unchanged at 913 houses sold. New listings decreased 14.23 percent (from 745 to 639). Inventory decreased 0.53 percent (from 3778 to 3758) during this same year-over-year timeframe.

«  previous  | 1 2 3 4 5 6 7 8 9  |  next  » 

RSS Feed RSS

Would you like this content delivered to your email or reader via RSS (Really Simple Syndication)? Please use the links below to subscribe and receive these headlines via email, Google or Yahoo. Please select your preferred distribution method below and follow the instructions to complete your subscription.