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

Closed sales decrease

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(Hartford, Conn., 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.

In year-to-date statistics, when compared to last year, closed sales increased 2.62 percent (from 5459 to 5602) and pending sales increased 3.11 percent (from 5537 to 5709). The median sales price increased 0.41 percent (from $246,000 to $247,000) and new listings decreased 2.47 percent (from 8921 to 8701), year over year.

Condominium closed sales decreased 9.52 percent (from 147 to 133) over October of last year. New listings rose 8.99 percent (from 178 to 194). Pending sales decreased 19.55 percent (from 179 to 144) and the median sale price increased 4.41 percent (from $170,000 to $177,500). Inventory decreased 7.67 percent (from 600 to 554), over this time last year.

Condominium new listings year-to-date statistics, year over year, show a decrease of 2.84 percent (from 2110 to 2050) and closed sales increased 0.72 percent (from 1386 to 1396). The median sale price increased 1.79 percent (from $162,000 to $164,900) during this same time frame.

“A slowdown in home sales is typical for this time of year,” said GHAR CEO, Holly Callanan. “Even with a slight uptick in prices, current affordability rates are significant,” she said.

In the national outlook, Lawrence Yun, National Association of REALTORS® chief economist, said that despite historically low mortgage rates, sales have not commensurately increased, in part due to a low level of new housing options. “We must continue to beat the drum for more inventory,” said Yun, who has called for additional home construction for over a year.

 

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

Thursday, August 16, 2018
Closed sales of single family homes in greater Hartford increased 2.51 percent (from 1274 to 1306), according to the Greater Hartford Association of REALTORSŪ (GHAR). The median sale price increased 7.14 percent (from $232,950 to $249,580) and new listings rose 0.82 percent (from 1699 to 1713), over July of last year. Inventory decreased 3.79 percent (from 5492 to 5284) during this same year-over-year timeframe.
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Sales Price of Single-Family Homes in Greater Hartford Drops 

Monday, July 23, 2018
According to the Greater Hartford Association of REALTORSŪ (GHAR), the median sale price of single family homes in greater Hartford fell 6.25 percent (from $240,000 to $225,000) over June of 2017. Closed sales decreased 2.64 percent (from 1440 to 1402) and new listings fell 1.32 percent (from 1964 to 1938). During this same year-over-year timeframe, inventory dropped 11.04 percent (from 6086 to 5414).
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Decreased Inventory of Single-Family Homes in Greater Hartford 

Monday, June 18, 2018
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales of single family homes in greater Hartford decreased 2.33 percent (from 1115 to 1089) and new listings decreased 4.99 percent (from 2264 to 2151) over May of 2017. The median sale price fell 1.70 percent (from $228,900 to $225,000). During this same year-over-year timeframe, inventory dropped 13.06 percent (from 6147 to 5344).
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Steady Rise in Median Sales Price of Single-Family Homes in Greater Hartford 

Thursday, May 17, 2018
According to the Greater Hartford Association of REALTORSŪ (GHAR), the median sale price of single family homes in greater Hartford rose 7.14 percent (from $210,000 to $225,000) over April of 2017. Closed sales increased 7.13 percent (from 884 to 947) and new listings increased 0.58 percent (from 1896 to 1907). During this same year-over-year timeframe, inventory dropped 13.06 percent (from 5758 to 5006).
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Median Sales Price of Single-Family Homes in Greater Hartford Rises 

Thursday, April 19, 2018
The median sale price of single family homes in greater Hartford rose 7.10 percent (from $210,000 to $224,900) over March of 2017, according to the Greater Hartford Association of REALTORSŪ (GHAR). Closed sales increased 1.98 percent (from 809 to 825) and new listings decreased 3.91 percent (from 1689 to 1623). During this same year-over-year timeframe, inventory dropped 21.49 percent (from 5148 to 4505) and the average number of days on market increased 25.00 percent (from 72 to 90 days).

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