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

New listings rise

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(Hartford, Conn., April 16, 2019) – According to the Greater Hartford Association of REALTORS® (GHAR), closed sales of single family homes in greater Hartford dropped 2.67 percent over March of 2018 (from 825 to 803). The median sale price decreased 2.62 percent (from $224,900 to $219,000). New listings increased 0.80 percent (from 1623 to 1636) and inventory dropped 2.29 percent (from 4505 to 4402), during this same timeframe.

In year-to-date statistics, when compared to last year, closed sales increased 1.65 percent (from 2063 to 2097) and pending sales decreased 1.34 percent (from 1569 to 1548). The median sale price decreased 2.33 percent (from $215,000 to $210,000) and new listings decreased 4.11 percent (from 3995 to 3831), year over year.

Condominium closed sales increased 10.70 percent (from 187 to 207) over March of last year. The median sale price increased 8.15 percent (from $135,500 to $146,000) and inventory decreased 10.47 percent (from 1051 to 941), over this time last year.

Condominium year-to-date statistics, year over year, show closed sales decreased 1.80 percent (from 499 to 490). The median sale price increased 2.19 percent (from $137,000 to $140,000) during this same time frame.

“The housing numbers from March paint a slightly different picture from what I’m currently hearing from our members,” said GHAR CEO, Holly Callanan. “An uptick in new listings is a welcome sign and I’m confident the spring market will be a strong one,” she said.

In the national outlook, Lawrence Yun, National Association of REALTORS® chief economist, noted “for sustained growth, significant construction of moderately priced-homes is still needed. More construction will help boost local economies and more home sales will help lessen wealth inequality as more households can enjoy in housing wealth gains."

 

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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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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Drop in Inventory of Single-Family Homes in Greater Hartford 

Wednesday, May 17, 2017
Inventory of single family homes decreased 19.78 percent (from 7178 to 5758) over April of last year, according to the Greater Hartford Association of REALTORSŪ (GHAR). Closed sales decreased 1.89 percent (from 901 to 884) and pending sales decreased 4.62 percent (from 1429 to 1363). The median sale price dropped 2.78 percent (from $216,000 to $210,000) and new listings are down 8.98 percent (from 2083 to 1896). The average number of days on market decreased 19.74 percent (from 76 to 61), during this same year-over-year comparison.
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Rise in Median Sales Price of Single-Family Homes in Greater Hartford 

Thursday, April 20, 2017
The median sales price of single family homes increased 5.00 percent (from $200,000 to $210,000) over March of last year, according to the Greater Hartford Association of REALTORSŪ (GHAR). Closed sales were unchanged at 809 homes and pending sales rose 3.24 percent (from 1298 to 1340). New listings dropped 20.25 percent (from 2118 to 1689) and inventory decreased 22.59 percent (from 6650 to 5148). The average number of days on market decreased 12.20 percent (from 82 to 72), during this same year-over-year comparison.
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Median Sales Price of Single-Family Homes in Greater Hartford Drops 

Thursday, March 16, 2017
According to the Greater Hartford Association of REALTORSŪ (GHAR), the median sales price of single family homes decreased 2.55 percent (from $196,000 to $191,000) over February of last year. Closed sales decreased 7.50 percent (from 613 to 567) and pending sales decreased 5.45 percent (from 955 to 903). New listings dropped 8.18 percent (from 1283 to 1178) and inventory decreased 18.93 percent (from 5960 to 4832). The average number of days on market remained unchanged at 75 days during this same year-over-year comparison.
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Rise in Closed Sales of Single-Family Homes and Condominiums in Greater Hartford 

Friday, February 17, 2017
Closed sales of single family homes in greater Hartford increased 23.14 percent (from 631 to 777) over January of 2016, the largest jump in closed sales since April of 2016, according to the Greater Hartford Association of REALTORSŪ (GHAR). The median sale price dropped 1.48 percent (from $199,950 to $197,000) and pending sales increased 4.00 percent (from 825 to 858). New listings decreased 3.37 percent (from 1277 to 1234) and inventory dropped 21.06 percent (from 5759 to 4546). The average number of days on market decreased 3.95 percent (from 76 to 73 days), during this same timeframe.
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Rise in Median Sale Price of Single-Family Homes in Greater Hartford 

Wednesday, January 18, 2017
According to the Greater Hartford Association of REALTORSŪ (GHAR), the median sale price of single family homes in greater Hartford increased by 2.65 percent (from $209,450 to $215,000) over December of last year. Closed sales rose 0.11 percent (from 944 to 945) and pending sales increased 4.06 percent (from 714 to 743), respectively. New listings decreased 4.29 percent (from 839 to 803) and inventory decreased 17.40 percent (from 5828 to 4814). The average number of days on market decreased 5.48 percent (from 73 to 69 days), during this same timeframe.
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Closed sales rise over 20 percent 

Friday, December 16, 2016
Closed Sales of Single-Family Homes in Greater Hartford Rise Over 20 Percent
Median sale price up over 4 percent
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Sales Price of Single-Family Homes in Greater Hartford Continues to Rise 

Wednesday, November 16, 2016
According to the Greater Hartford Association of REALTORSŪ (GHAR), the median sales price of single family homes rose for the seventh consecutive month in year to year comparisons. The price rose 6.18 percent (from $202,250 to $214,750) over October of last year. Closed sales decreased 4.97 percent (from 1006 to 956) and pending sales increased 1.43 percent (from 1051 to 1066). New listings decreased 11.49 percent (from 1532 to 1356) and inventory dropped 30.38 percent (from 8939 to 6223). The average number of days on market decreased 17.57 percent (from 74 to 61 days), during this same timeframe.

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