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Over 20 Percent Increase in Median Sales Price of Single-Family Homes in Greater Hartford

Closed sales increase over 7 percent

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(Hartford, Conn., February 16, 2021) – According to the Greater Hartford Association of REALTORS® (GHAR), the median sale price of single family homes in Greater Hartford increased 20.72 percent (from $236,700 to $285,750), over January of 2020. Closed sales increased 7.69 percent (from 416 to 448). Pending sales increased 5.42 percent (from 424 to 447) and new listings decreased 34.68 percent (from 617 to 403). Inventory dropped 51.69 percent (from 1921 to 928) and days on market decreased 43.42 percent (from 76 to 43 days) during this same timeframe.

Condominium closed sales increased 45.83 percent (from 96 to 140) over January of last year. The median sale price decreased 17.24 percent (from $153,450 to $179,900) and inventory decreased 32.79 percent (from 430 to 289). New listings decreased 25.86 percent (from 174 to 129) when compared to January of 2020.

“January showed the same strong housing numbers in our market that we’ve seen most of last year,” stated GHAR CEO, Holly Callanan. “The continued demand is a good sign for those looking to sell. Involving a Realtor early in the process is an important first step,” she said.

In the national outlook, Lawrence Yun, National Association of REALTORS® chief economist, stated: "Home sales rose in December, and for 2020 as a whole, we saw sales perform at their highest levels since 2006, despite the pandemic. What's even better is that this momentum is likely to carry into the new year, with more buyers expected to enter the market."

 

The Greater Hartford Association of REALTORS® (GHAR) is the largest local real estate trade association in Connecticut, serving over 4700 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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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 REALTORS® (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.
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Closed Sales of Single-Family Homes in Greater Hartford Increase Over 10 Percent 

Thursday, April 16, 2020
According to the Greater Hartford Association of REALTORS® (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.
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Continued Increase of Closed Sales of Single-Family Homes in Greater Hartford 

Friday, March 20, 2020
According to the Greater Hartford Association of REALTORS® (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.
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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.
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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 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.
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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 REALTORS® (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 REALTORS® (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 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.
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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 REALTORS® (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 REALTORS® (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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