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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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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 REALTORS® (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 REALTORS® (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 REALTORS® (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 REALTORS® (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 REALTORS® (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 REALTORS® (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 REALTORS® (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 REALTORS® (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 REALTORS® (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 REALTORS® (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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