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

Closed sales remain unchanged compared to last year

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(Hartford, Conn., 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 REALTORS® (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.

In year-to-date statistics, the median sale price increased 4.55 percent (from $222,000 to $230,000) and closed sales decreased 1.89 percent (from 12,303 to 12,070) over year-to-date in December of last year. New listings decreased 2.26 percent (from 18,246 to 17,833) from the beginning of the year, when compared to last year.

Condominium closed sales decreased 17.99 percent (from 239 to 196) over December of last year. The median sale price decreased 1.91 percent (from $144,250 to $141,500) and inventory decreased 6.51 percent (from 845 to 790), during the same timeframe.

In year-to-date statistics, condominium closed sales decreased 0.68 percent (from 2799 to 2780) and the median sale price increased 0.69 percent (from $145,000 to $146,000).

“Lower inventory is predictable in the winter months,” stated GHAR CEO, Holly Callanan. “The continued increase in sales price could make for complex negotiations. Seeking the advice from a Realtor is critical in this market,” she said.

In the national outlook, Lawrence Yun, National Association of REALTORS® chief economist, says two consecutive months of increases is a welcomed sign for the market. “The market conditions in November were mixed, with good signs of stabilizing home sales compared to recent months, though down significantly from one year ago. Rising inventory is clearly taming home price appreciation.”

 

The Greater Hartford Association of REALTORS® (GHAR) is the largest local real estate trade association in Connecticut, serving over 4000 members in the 57 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, klangston@gharonline.com
Greater Hartford Association of REALTORS®
t: 860.561.1800  f: 860.561.3573
www.gharonline.com

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

Monday, March 19, 2018
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales increased 0.71 percent (from 567 to 571) over February of last year. The median sale price rose 12.57 percent (from $191,000 to $215,000) and new listings increased 7.72 percent (from 1178 to 1269). During this same year-over-year timeframe, inventory dropped 14.57 percent (from 4832 to 4128) and the average number of days on market increased 27.03 percent (from 74 to 94 days).
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Rise in Median Sale Price of Single-Family Homes in Greater Hartford 

Tuesday, February 20, 2018
According to the Greater Hartford Association of REALTORSŪ (GHAR), the median sale price rose 7.01 percent (from $195,300 to $209,000) over January of 2017. Closed sales decreased 20.00 percent (from 805 to 644). New listings decreased 10.76 percent (from 1236 to 1103) and inventory dropped 15.84 percent (from 4546 to 3826). The average number of days on market increased 18.67 percent (from 75 to 89 days), during this same timeframe.
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Drop in Closed Sales of Single-Family Homes in Greater Hartford 

Thursday, January 18, 2018
Closed sales of single family homes in greater Hartford decreased 3.39 percent (from 945 to 913) from this December over December of last year, according to the Greater Hartford Association of REALTORSŪ (GHAR). The median sale price increased 1.86 percent (from $215,000 to $219,000) and new listings dropped 7.22 percent (from 803 to 745). Inventory decreased 21.52 percent (from 4814 to 3778) and the average number of days on market increased 17.39 percent (from 69 to 81), over December of last year.
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Increase in Closed Sales of Single-Family Homes in Greater Hartford 

Wednesday, December 20, 2017
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales of single family homes in greater Hartford increased 8.17 percent (from 893 to 966) over November of last year. The median sale price decreased 1.83 percent (from $219,000 to $215,000) and new listings rose 1.47 percent (from 1020 to 1035). Inventory decreased 16.62 percent (from 5236 to 4366) and the average number of days on market increased 29.03 percent (from 62 to 80), over November of last year.
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Sales Price of Single-Family Homes in Greater Hartford Increases 

Tuesday, November 21, 2017
According to the Greater Hartford Association of REALTORSŪ (GHAR), the median sale price of single family homes in greater Hartford rose 2.58 percent (from $213,500 to $219,000) over October of last year. Closed sales also increased 3.59 percent (from 976 to 1011) and new listings rose 6.49 percent (from 1356 to 1444) over this same time period. Inventory decreased 21.37 percent (from 6223 to 4893) and the average number of days on market increased 22.95 percent (from 61 to 75), over October of last year.
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Rise in Closed Sales of Single-Family Homes in Greater Hartford 

Friday, October 20, 2017
Closed sales of single family homes increased 2.79 percent (from 1076 to 1106) over September of last year, according to the Greater Hartford Association of REALTORSŪ (GHAR). The median sale price decreased 3.49 percent (from $229,000 to $221,000). Inventory decreased 22.62 percent (from 6671 to 5162) and new listings dropped 0.19 percent (from 1574 to 1571). The average number of days on market increased 12.70 percent (from 63 to 71), during this same time frame.
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Closed Sales of Single-Family Homes in Greater Hartford Rise 

Monday, October 2, 2017
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales increased 5.17 percent (from 1238 to 1302) and pending sales dropped 2.55 percent (from 1178 to 1148) over August of last year. The median sale price of single family homes decreased 3.46 percent (from $240,000 to $231,700). Inventory decreased 19.72 percent (from 6592 to 5292) and new listings rose 0.66 percent (from 1517 to 1527). The average number of days on market decreased 3.45 percent (from 58 to 56), during this same time frame.
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Closed Sales of Single-Family Homes in Greater Hartford Rise 

Friday, August 18, 2017
Closed sales increased 1.51 percent (from 1255 to 1274) and pending sales rose 21.49 percent (from 1196 to 1453) over July of last year, according to the Greater Hartford Association of REALTORSŪ (GHAR). The median sale price of single family homes also rose 0.09 percent (from $232,750 to $232,950). Inventory decreased 20.20 percent (from 6882 to 5492) and new listings rose 1.92 percent (from 1667 to 1699). The average number of days on market decreased 23.64 percent (from 55 to 42), during this same time frame.
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Rise in Sales Price of Single-Family Homes in Greater Hartford 

Friday, July 21, 2017
According to the Greater Hartford Association of REALTORSŪ (GHAR), the median sale price of single family homes rose 0.31 percent (from $239,250 to $240,000) over June of last year. Closed sales increased 5.26 percent (from 1368 to 1440) and pending sales rose 1.24 percent (from 1370 to 1387). Inventory decreased 14.93 percent (from 7154 to 6086) and new listings dropped 3.39 percent (from 2033 to 1964). The average number of days on market decreased 16.95 percent (from 59 to 49), during this same time frame.
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Rise in Closed Sales of Single-Family Homes in Greater Hartford Over May of Last Year 

Friday, June 16, 2017
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales of single family homes increased 2.20 percent (from 1091 to 1115) over May of last year. Pending sales also increased 5.80 percent (from 1431 to 1514) and the median sale price rose 2.88 percent (from $222,500 to $228,900). Inventory decreased 15.47 percent (from 7272 to 6147) and new listings rose 3.33 percent (from 2191 to 2264). The average number of days on market decreased 12.12 percent (from 66 to 58), during May of last year.

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