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Closed Sales of Single-Family Homes in Greater Hartford Down 12 Percent

Increase in median sales price

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(Hartford, Conn., June 16, 2020) – According to the Greater Hartford Association of REALTORS® (GHAR), closed sales of single-family homes in Greater Hartford decreased 12.75 percent over May of last year (from 643 to 561). Pending sales decreased 15.45 percent (from 712 to 602) and the median sale price increased 1.92 percent (from $260,000 to $265,000). New listings decreased 31.22 percent (from 1198 to 824) and inventory dropped 31.91 percent (from 2795 to 1903), during this same timeframe.

In year-to-date statistics, year over year, new listings dropped 20.70 percent (from 4348 to 3448). Pending sales decreased 2.07 percent (from 2612 to 2558) and closed sales stayed relatively unchanged at 0.04 percent (from 2323 to 2322). The median sales price increased 6.3 percent (from $235,000 to $249,900) and the average days spent on market decreased 5.80 percent (from 69 to 65 days), during this same year to date, year over year, timeframe.

Condominium closed sales decreased 25.00 percent (from 172 to 129) and pending sales decreased 35.5 percent (from 183 to 118) over May of 2019. The median sale price increased 16.95 percent (from $169,950 to $198,750) and inventory decreased 29.37 percent (from 630 to 445). New listings dropped 31.66 percent (from 259 to 177) over this time, versus a year ago.

“Mortgage rates are still quite low and buyer confidence is on the rise,” said GHAR CEO, Holly Callanan. “It’s an excellent time to list property for sale and REALTORS are the best resource to assist in that process,” she said.

“The economic lockdowns – occurring from mid-March through April in most states – have temporarily disrupted home sales,” said Lawrence Yun, National Association of REALTORS® chief economist. “But the listings that are on the market are still attracting buyers and boosting home prices.”

 

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

Wednesday, December 20, 2017
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales of single family homes in greater Hartford increased 8.17 percent (from 893 to 966) over November of last year. The median sale price decreased 1.83 percent (from $219,000 to $215,000) and new listings rose 1.47 percent (from 1020 to 1035). Inventory decreased 16.62 percent (from 5236 to 4366) and the average number of days on market increased 29.03 percent (from 62 to 80), over November of last year.
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Sales Price of Single-Family Homes in Greater Hartford Increases 

Tuesday, November 21, 2017
According to the Greater Hartford Association of REALTORSŪ (GHAR), the median sale price of single family homes in greater Hartford rose 2.58 percent (from $213,500 to $219,000) over October of last year. Closed sales also increased 3.59 percent (from 976 to 1011) and new listings rose 6.49 percent (from 1356 to 1444) over this same time period. Inventory decreased 21.37 percent (from 6223 to 4893) and the average number of days on market increased 22.95 percent (from 61 to 75), over October of last year.
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Rise in Closed Sales of Single-Family Homes in Greater Hartford 

Friday, October 20, 2017
Closed sales of single family homes increased 2.79 percent (from 1076 to 1106) over September of last year, according to the Greater Hartford Association of REALTORSŪ (GHAR). The median sale price decreased 3.49 percent (from $229,000 to $221,000). Inventory decreased 22.62 percent (from 6671 to 5162) and new listings dropped 0.19 percent (from 1574 to 1571). The average number of days on market increased 12.70 percent (from 63 to 71), during this same time frame.
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Closed Sales of Single-Family Homes in Greater Hartford Rise 

Monday, October 2, 2017
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales increased 5.17 percent (from 1238 to 1302) and pending sales dropped 2.55 percent (from 1178 to 1148) over August of last year. The median sale price of single family homes decreased 3.46 percent (from $240,000 to $231,700). Inventory decreased 19.72 percent (from 6592 to 5292) and new listings rose 0.66 percent (from 1517 to 1527). The average number of days on market decreased 3.45 percent (from 58 to 56), during this same time frame.
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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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