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

Increase in median sales price

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(Hartford, Conn., June 18, 2019) – According to the Greater Hartford Association of REALTORS® (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.

In year-to-date statistics, when compared to last year, closed sales increased 5.63 percent (from 2183 to 2306) and pending sales increased 7.68 percent (from 2487 to 2678). The median sales price rose 0.86 percent (from $233,000 to $235,000). New listings decreased 2.05 percent (from 4439 to 4348), year over year.

Condominium closed sales increased 13.25 percent (from 151 to 171) over May of last year. The median sale price increased 2.97 percent (from $165,000 to $169,900) and inventory decreased 15.84 percent (from 726 to 611), over this time last year.

Condominium year-to-date statistics, year over year, show closed sales increased 2.90 percent (from 587 to 604). The median sale price decreased 1.41 percent (from $160,000 to $157,750) during this same time frame.

“A rise in sales, even while inventory is relatively low, is a good sign,” said GHAR CEO, Holly Callanan. “It seems that buyers are finding what they need, creating stability in the market,” she said.

In the national outlook, Lawrence Yun, National Association of REALTORS® chief economist, said he is not overly concerned about the 0.4% dip nationally in sales and expects moderate growth very soon. “First, we are seeing historically low mortgage rates combined with a pent-up demand to buy, so buyers will look to take advantage of these conditions,” he said. “Also, job creation is improving, causing wage growth to align with home price growth, which helps affordability and will help spur more home sales.”

 

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

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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.
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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.
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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.
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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.
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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.
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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.
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Increase in Median Sales Price of
Single-Family Homes in Gr. Hartford
 

Tuesday, December 18, 2018
The median sale price of single family homes in greater Hartford rose 4.88 percent (from $215,000 to $225,500), according to the Greater Hartford Association of REALTORSŪ (GHAR). Closed sales increased 2.28 percent (from 966 to 988) over November of last year. New listings dropped 1.26 percent (from 1035 to 1022). Inventory decreased 0.80 percent (from 4366 to 4331) during this same year-over-year timeframe.
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Slight Increase in Closed Sales of Single-Family Homes in Greater Hartford 

Tuesday, November 20, 2018
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales of single family homes in greater Hartford increased 0.79 percent (from 1011 to 1019) over October of last year. The median sale price also rose 2.74 percent (from $219,000 to $225,000) and new listings dropped 1.45 percent (from 1444 to 1423). Inventory decreased 0.31 percent (from 4893 to 4878) during this same year-over-year timeframe.
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Rise in Median Sale Price of Single-Family Homes in Greater Hartford 

Monday, October 22, 2018
The median sale price of single family homes in greater Hartford increased 3.17 percent (from $221,000 to $228,000) over September of last year, according to the Greater Hartford Association of REALTORSŪ (GHAR). Closed sales decreased 19.98 percent (from 1106 to 885) and new listings dropped 4.65 percent (from 1571 to 1498). Inventory increased 0.39 percent (from 5162 to 5182) during this same year-over-year timeframe.
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Closed Sales of Single-Family Homes in Greater Hartford Rise 

Wednesday, September 19, 2018
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales of single family homes in greater Hartford increased 3.15 percent (from 1302 to 1343).

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