Media Releases

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

Closed sales down over 20 percent

(Download full release in pdf)

(Hartford, Conn., July 16, 2020) – According to the Greater Hartford Association of REALTORS® (GHAR), the median sales price of single-family homes in Greater Hartford increased 2.82 percent over June of last year (from $267,450 to $275,000). Closed sales dropped 21.82 percent (from 770 to 602) and pending sales rose 2.12 percent (from 707 to 722). New listings decreased 5.64 percent (from 1011 to 954) and inventory dropped 30.29 percent (from 2846 to 1984), during this same timeframe.

In year-to-date statistics, year over year, new listings decreased 17.86 percent (from 5359 to 4402). Pending sales decreased 1.81 percent (from 3319 to 3259) and closed sales dropped 5.40 percent (from 3093 to 2926). The median sales price increased 5.31 percent (from $240,000 to $252,750) and the average days spent on market decreased 1.59 percent (from 63 to 62 days), during this same year to date, year over year, timeframe.

Condominium closed sales decreased 30.89 percent (from 191 to 132) and pending sales decreased 21.20 percent (from 184 to 145) over June of 2019. The median sales price decreased 10.63 percent (from $182,000 to $162,650) and inventory decreased 24.92 percent (from 618 to 464). New listings dropped 9.46 percent (from 222 to 201), when compared to this month last year.

“Home sales in greater Hartford took a hit in May and June due to Covid19,” said GHAR CEO, Holly Callanan. “The rise in pending sales could indicate a strong late summer market. Sellers should take advantage of low inventory, while buyers will enjoy record low interest rates,” she said.

In the national outlook, “sales completed in May reflect contract signings in March and April – during the strictest times of the pandemic lockdown and hence the cyclical low point,” said Lawrence Yun, National Association of REALTORS® chief economist. “Home sales will surely rise in the upcoming months with the economy reopening, and could even surpass one-year-ago figures in the second half of the year.”

 

The Greater Hartford Association of REALTORS® (GHAR) is the largest local real estate trade association in Connecticut, serving over 4000 members in the 27 town 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 10  |  next  » 


Icon

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

Thursday, July 16, 2020
According to the Greater Hartford Association of REALTORSŪ (GHAR), the median sales price of single-family homes in Greater Hartford increased 2.82 percent over June of last year (from $267,450 to $275,000). Closed sales dropped 21.82 percent (from 770 to 602) and pending sales rose 2.12 percent (from 707 to 722). New listings decreased 5.64 percent (from 1011 to 954) and inventory dropped 30.29 percent (from 2846 to 1984), during this same timeframe.
Icon

Closed Sales of Single-Family Homes in Greater Hartford Down 12 Percent 

Tuesday, June 16, 2020
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales of single-family homes in Greater Hartford decreased 12.75 percent over May of last year (from 643 to 561). Pending sales decreased 15.45 percent (from 712 to 602) and the median sale price increased 1.92 percent (from $260,000 to $265,000). New listings decreased 31.22 percent (from 1198 to 824) and inventory dropped 31.91 percent (from 2795 to 1903), during this same timeframe.
Icon

Over 7 Percent Increase in Median Sales Price of Single-Family Homes in Greater Hartford 

Monday, May 18, 2020
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales of single-family homes in Greater Hartford decreased 2.70 percent over April of last year (from 518 to 504). Pending sales decreased 6.94 percent (from 620 to 577) and the median sale price increased 7.29 percent (from $240,000 to $257,500). New listings decreased 48.41 percent (from 1041 to 537) and inventory dropped 29.86 percent (from 2522 to 1769), during this same timeframe.
Icon

Closed Sales of Single-Family Homes in Greater Hartford Increase Over 10 Percent 

Thursday, April 16, 2020
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales of single-family homes in Greater Hartford rose 10.19 percent over March of last year (from 432 to 476). Pending sales increased 15.8 percent (from 501 to 580) and the median sale price increased 3.8 percent (from $235,500 to $244,450). New listings decreased 17.35 percent (from 922 to 762) and inventory dropped 17.60 percent (from 2329 to 1919), during this same timeframe.
Icon

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

Friday, March 20, 2020
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales of single-family homes in Greater Hartford rose 3.59 percent over February of last year (from 334 to 346). Pending sales increased 19.09 percent (from 372 to 443) and the median sale price increased 15.75 percent (from $200,000 to $231,500). New listings increased 18.32 percent (from 584 to 691) and inventory dropped 10.73 percent (from 2134 to 1905), during this same timeframe.
Icon

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

Tuesday, February 18, 2020
According to the Greater Hartford Association of REALTORS® (GHAR), closed sales of single family homes in Greater Hartford rose 4.04 percent over January of 2019 (from 396 to 412). Pending sales increased 10.54 percent (from 408 to 451) and the median sale price increased 14.07 percent (from $209,880 to $239,400). New listings increased 2.99 percent (from 603 to 621) and inventory dropped 13.21 percent (from 2105 to 1827), during this same timeframe.
Icon

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.
Icon

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.
Icon

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.
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.

«  previous  | 1 2 3 4 5 6 7 8 9 10  |  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.