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

Condominium market remains strong

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(Hartford, Conn., January 16, 2020) – According to the Greater Hartford Association of REALTORS® (GHAR), the median sales price of single family homes in greater Hartford increased 6.67 percent (from $225,000 to $240,000) over December of last year. Closed sales decreased 0.41 percent (from 487 to 485) and pending sales increased 6.29 percent (from 429 to 456). New listings decreased 9.37 percent (from 363 to 329) and inventory dropped 15.01 percent (from 2139 to 1818), when compared to last year.

Year-to-date single family homes statistics, when compared to last year, show that closed sales increased 0.91 percent (from 6482 to 6541) and pending sales increased 2.73 percent (from 6446 to 6622). The median sales price increased 0.61 percent (from $244,000 to $245,500) and new listings decreased 2.90 percent (from 9827 to 9542), year over year.

Condominium closed sales increased 22.88 percent (from 118 to 145) over December of last year. New listings increased 12.50 percent (from 88 to 99) and pending sales increased 44.21 percent (from 95 to 137) and the median sale price increased 10.89 percent (from $148,790 to $165,000). Inventory decreased 15.50 percent (from 484 to 409), over this time last year.

Condominium year-to-date statistics, year over year, show a decrease in new listings of 2.23 percent (from 2328 to 2276) and closed sales increased 2.87 percent (from 1637 to 1684). The median sale price increased 3.03 percent (from $160,000 to $164,850) during this same time frame.

“Overall, our housing market is in slightly better shape this year, when compared to last year,” said GHAR CEO, Holly Callanan. “Pending sales are an encouraging sign for the first quarter of 2020,” she said.

In the national outlook, Lawrence Yun, National Association of REALTORS® chief economist said, “new home construction seems to be coming to the market, but we are still not seeing the amount of construction needed to solve the housing shortage.”

 

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

Thursday, January 16, 2020
According to the Greater Hartford Association of REALTORSŪ (GHAR), the median sales price of single family homes in greater Hartford increased 6.67 percent (from $225,000 to $240,000) over December of last year. Closed sales decreased 0.41 percent (from 487 to 485) and pending sales increased 6.29 percent (from 429 to 456). New listings decreased 9.37 percent (from 363 to 329) and inventory dropped 15.01 percent (from 2139 to 1818), when compared to last year.
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Decrease in Closed Sales of Single-
Family Homes in Greater Hartford
 

Tuesday, December 17, 2019
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales of single family homes in greater Hartford decreased 16.79 percent (from 536 to 446) over November of last year. Pending sales increased 4.57 percent (from 481 to 503) and the median sales price increased 5.11 percent (from $235,000 to $247,000). New listings decreased 5.71 percent (from 543 to 512) and inventory dropped 10.81 percent (from 2543 to 2268), when compared to last year.
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Increase in Median Sales Price of Single-Family Homes in Greater Hartford 

Monday, November 18, 2019
According to the Greater Hartford Association of REALTORSŪ (GHAR), the median sales price of single family homes in greater Hartford increased 3.13 percent (from $240,000 to $247,500) over October of last year. Closed sales decreased 3.20 percent (from 562 to 544) and pending sales decreased 3.60 percent (from 556 to 536). New listings decreased 2.14 percent (from 795 to 778) and inventory dropped 10.06 percent (from 2823 to 2539), when compared to last year.
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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.
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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.
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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.
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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.
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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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