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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 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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