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Closed Sales of Single-Family Homes in Greater Hartford Up 9 Percent

16 percent Increase in median sales price

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(Hartford, Conn., June 16, 2021) – According to the Greater Hartford Association of REALTORS® (GHAR), closed sales of single-family homes in Greater Hartford increased 9.12 percent over May of last year (from 559 to 610). Pending sales increased 32.35 percent (from 575 to 761) and the median sale price increased 16.10 percent (from $264,419 to $307,000). New listings increased 13.26 percent (from 822 to 931) and inventory dropped 31.74 percent (from 1963 to 1340), during this same timeframe.

In year-to-date statistics, year over year, new listings rose 1.35 percent (from 3416 to 3462). Pending sales increased 12.65 percent (from 2498 to 2814) and closed sales increased 5.14 (from 2313 to 2432). The median sales price increased 17.25 percent (from $249,900 to $293,000) and the average days spent on market decreased 41.54 percent (from 65 to 38 days), during this same year to date, year over year, timeframe.

Condominium closed sales decreased 25.95 percent (from 131 to 165) and pending sales increased 73.45 percent (from 113 to 196) over May of 2020. The median sale price decreased 9.09 percent (from $198,000 to $1180,000) and inventory decreased 25.00 percent (from 452 to 3395). The average days on market decreased 59.68 percent (from 62 to 25 days). New listings dropped 31.66 percent (from 259 to 177) over this time, versus a year ago.

“Even as inventory continues to fall, closed sales are still trending up,” said GHAR CEO, Holly Callanan. “As demand outpaces supply, the experience of a REALTOR can help find the right home in this market,” she said.

"We'll see more inventory come to the market later this year as further COVID-19 vaccinations are administered and potential home sellers become more comfortable listing and showing their homes,” said Lawrence Yun, National Association of REALTORS® chief economist. “The falling number of homeowners in mortgage forbearance will also bring about more inventory,” Yun continued.

 

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

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Sales of Single-Family Homes in Greater Hartford up Nearly 40 Percent 

Thursday, February 21, 2013
According to the Greater Hartford Association of REALTORS® (GHAR), closed sales of single family homes increased over last year by 39.04 percent (from 397 to 552). Pending sales rose 37.45 percent (from 542 to 745) and the median sale price increased 2.56 percent (from $195,000 to $200,000). New listings decreased 6.25 percent (from 1281 to 1201) and inventory dropped 11.15 percent (from 5612 to 4986). The average number of days on market decreased 14.71 percent (from 102 to 87), during this same one year time-frame.
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10 Consecutive Months with Rise in Sales 

Thursday, January 17, 2013
According to the Greater Hartford Association of REALTORS® (GHAR), closed sales of single family homes increased for the 10th consecutive month over last year by 27.24 percent (from 547 to 696) over December of last year.
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Over 30 Percent Rise in Sales 

Monday, December 17, 2012
According to the Greater Hartford Association of REALTORS® (GHAR), closed sales of single family homes rose 30.21 percent (from 609 to 793) over November of last year. Pending sales increased 42.92 percent...
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Median Sales Price of Single-Family Homes in Greater Hartford Rises  

Tuesday, November 20, 2012
(West Hartford, Conn., November 20, 2012) – Closed sales of single family homes increased 21.74 percent (from 575 to 700) over October of last year, according to the Greater Hartford Association of REALTORS® (GHAR). Pending sales rose 27.75 percent (from 645 to 824) and new listings increased 3.12 percent (from 1249 to 1288). The median sale price increased 1.18 percent (from $212,500 to $215,000) and inventory dropped 6.08 percent (from 6393 to 6004). The average number of days on market dropped 4.94 percent (from 81 to 77), during this same one year time-frame.
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Over 10 Percent Rise in Closed Sales of Single-Family Homes in Greater Hartford, Pending Sales Up Over 20 Percent 

Friday, October 19, 2012

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