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Median Sales Price of Single-Family Homes in Greater Hartford Unchanged

Decrease in closed sales

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(Hartford, Conn., September 17, 2019) – According to the Greater Hartford Association of REALTORS® (GHAR), the median sales price of single family homes in greater Hartford remained unchanged over August of last year at $254,900. Closed sales decreased 10.2 percent (from 755 to 678) and pending sales increased 10.4 percent (from 616 to 680). New listings decreased 1.0 percent (from 831 to 823) and inventory dropped 9.1 percent (from 2876 to 2614), during this same month, one year ago.

In year-to-date statistics, when compared to last year, closed sales increased 1.3 percent (from 4439 to 4495) and pending sales increased 3.6 percent (from 4520 to 4682). The median sales price increased 0.4 percent (from $248,000 to $248,888). New listings decreased 2.4 percent (from 7269 to 7091), year over year.

Condominium closed sales decreased 5.7 percent (from 174 to 164) over August of last year. Pending sales increased 7.6 percent (from 144 to 155) and the median sale price decreased 3.0 percent (from $165,000 to $160,000). Inventory decreased 12.0 percent (from 676 to 595), over this time last year.

Condominium year-to-date statistics, year over year, show closed sales increased 3.2 percent (from 1091 to 1126). The median sale price increased 0.6 percent (from $162,000 to $163,000) during this same time frame.

“The drop in closed sales is countered by the rise in pending, which should make for an interesting fall market,” said GHAR CEO, Holly Callanan. “Never hesitate to consult with a REALTOR to make sure you are getting the best and most accurate advice,” she said.

In the national outlook, Lawrence Yun, National Association of REALTORS® chief economist, says “falling mortgage rates are improving housing affordability and nudging buyers into the market.” However, he added that the supply of affordable housing is severely low. “The shortage of lower-priced homes have markedly pushed up 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 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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Rise in Median Sales Price of Single-Family Homes in Greater Hartford 

Tuesday, May 17, 2016
According to the Greater Hartford Association of REALTORSŪ (GHAR), the median sales price of single family homes increased 2.86 percent (from $210,000 to $216,000) and closed sales increased 26.19 percent (from 714 to 901) over April of last year. Pending sales increased 16.37 percent (from 1228 to 1429). New listings decreased 11.47 percent (from 2353 to 2083) and inventory dipped 0.98 percent (from 7249 to 7178). The average number of days on market decreased 12.64 percent (from 87 to 76 days), during this same year-over-year comparison.
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Nearly 24 Percent Rise in Closed Sales of Single-Family Homes in Greater Hartford 

Tuesday, April 19, 2016
Closed sales of single family homes increased 23.70 percent (from 654 to 809) over March of last year, according to the Greater Hartford Association of REALTORSŪ (GHAR). Pending sales increased 29.28 percent (from 1004 to 1298) and the median sales price decreased 3.43 percent (from $207,100 to $200,000). New listings increased 31.72 percent (from 1608 to 2118) and inventory rose 7.67 percent (from 6176 to 6650). The average number of days on market decreased 1.20 percent (from 83 to 82 days), during this same year-over-year comparison.
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24 Percent Rise in Closed Sales of Single-Family Homes in Greater Hartford 

Tuesday, March 22, 2016
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales of single family homes increased 24.09 percent (from 494 to 613) over February of last year. The median sales price increased 4.12 percent (from $188,250 to $196,000) and pending sales increased 20.28 percent (from 794 to 955). New listings increased 35.19 percent (from 949 to 1283) and inventory rose 10.88 percent (from 5375 to 5960). The average number of days on market decreased 13.95 percent (from 86 to 74 days), during this same year-over-year comparison.
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Rise in Sales Price of Single-Family Homes in Greater Hartford 

Thursday, February 18, 2016
According to the Greater Hartford Association of REALTORSŪ (GHAR), the median sales price of single family homes increased 6.44 percent (from $187,850 to $199,950) over January of last year. Closed sales increased 16.21 percent (from 543 to 631) and pending sales increased 19.74 percent (from 689 to 825). New listings decreased 0.85 percent (from 1288 to 1277) and inventory rose 6.14 percent (from 5426 to 5759). The average number of days on market decreased 8.43 percent (from 83 to 76 days), during this same year-to-year comparison.
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Second Consecutive Month with Rise in Median Sale Price of Single-Family Homes in Greater Hartford 

Wednesday, January 20, 2016
According to the Greater Hartford Association of REALTORSŪ (GHAR), the median sale price of single family homes in greater Hartford increased for the second consecutive month by 3.56 percent (from $202,250 to $209,450) over December of last year. Closed sales rose 15.40 percent (from 818 to 944) and pending sales also rose 19.00 percent (from 600 to 714), respectively. New listings increased 8.26 percent (from 775 to 839) and inventory increased 3.57 percent (from 5627 to 5828). The average number of days on market decreased 14.12 percent (from 85 to 73 days), during this same timeframe.
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Rise in Median Sale Price of Single-Family Homes in Greater Hartford 

Wednesday, December 16, 2015
The median sale price of single family homes in greater Hartford increased by 2.35 percent (from $200,000 to $204,700) over November of last year, according to the Greater Hartford Association of REALTORSŪ (GHAR). Closed sales and pending sales also rose 6.37 percent (from 675 to 718) and 22.47 percent (from 712 to 872), respectively. New listings increased 10.82 percent (from 1026 to 1137) and inventory increased 6.34 percent (from 7681 to 8168). The average number of days on market increased 2.86 percent (from 70 to 72 days), during this same timeframe.
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Pending Sales of Single-Family Homes in Greater Hartford Rise Nearly 20 Percent 

Friday, November 20, 2015
According to the Greater Hartford Association of REALTORSŪ (GHAR), pending sales rose 19.98 percent (from 858 to 977) over October of last year. Closed sales of single-family homes in greater Hartford increased by 17.15 percent (from 876 to 1051). Closed sales rose 14.97 percent (from 875 to 1006) and the median sale price decreased 2.76 percent (from $208,000 to $202,250). New listings decreased 1.61 percent (from 1557 to 1532) and inventory increased 27.28 percent (from 7023 to 8939). The average number of days on market decreased 5.13 percent (from 78 to 74 days), during this same timeframe.
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Over 17 Percent Rise in Closed Sales of Single-Family Homes in Greater Hartford 

Monday, October 19, 2015
Closed sales of single-family homes in greater Hartford increased by 17.15 percent (from 892 to 1045) over September of last year, according to the Greater Hartford Association of REALTORSŪ (GHAR). Pending sales rose 13.87 percent (from 858 to 977) and the median sale price decreased 0.91 percent (from $220,000 to $218,000). New listings increased 1.63 percent (from 1717 to 1745) and inventory increased 3.50 percent (from 7538 to 7802). The average number of days on market increased 10.53 percent (from 76 to 84 days), during this same timeframe.
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Closed Sales of Single-Family Homes in Greater Hartford Continue to Rise 

Friday, September 18, 2015
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales of single-family homes in greater Hartford increased by 12.91 percent (from 1015 to 1146) over August of last year. Pending sales rose 15.66 percent (from 958 to 1108) and the median sale price decreased 2.22 percent (from $225,000 to $220,000). New listings increased 5.34 percent (from 1610 to 1696) and inventory decreased 0.55 percent (from 7769 to 7726). The average number of days on market decreased 1.59 percent (from 63 to 62 days), during this same timeframe.
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Over 15 Percent Rise in Closed Sales of Single-Family Homes in Greater Hartford 

Wednesday, August 19, 2015
Closed sales of single-family homes in greater Hartford increased by 16.57 percent (from 1086 to 1266) over July of last year, according to the Greater Hartford Association of REALTORSŪ (GHAR). Pending sales rose 19.59 percent (from 1016 to 1215) and the median sale price decreased 6.38 percent (from $235,000 to $220,000). New listings increased 5.45 percent (from 1853 to 1954) and inventory increased 2.08 percent (from 7833 to 7996). The average number of days on market decreased 6.15 percent (from 65 to 61 days), during this same timeframe.

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