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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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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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Sales Price of Single-Family Homes in Greater Hartford up over 5 Percent 

Wednesday, October 19, 2016
According to the Greater Hartford Association of REALTORSŪ (GHAR), the median sales price of single family homes rose 5.53 percent (from $217,000 to $229,000) over September of last year. Closed sales increased 0.94 percent (from 1066 to 1076) and pending sales increased 6.65 percent (from 977 to 1042). New listings decreased 9.80 percent (from 1745 to 1574) and inventory dropped 14.50 percent (from 7802 to 6671). The average number of days on market decreased 3.08 percent (from 65 to 63 days), during this same year-over-year comparison.
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Closed Sales of Single-Family Homes in Greater Hartford Rise over 5 Percent 

Friday, September 16, 2016
Closed sales of single family homes increased 5.72 percent (from 1171 to 1238) over August of last year, according to the Greater Hartford Association of REALTORSŪ (GHAR). The median sales price rose 10.09 percent (from $218,000 to $240,000) and pending sales increased 6.32 percent (from 1108 to 1178). New listings decreased 10.55 percent (from 1696 to 1517) and inventory dropped 14.68 percent (from 7726 to 6592). The average number of days on market decreased 6.45 percent (from 62 to 58 days), during this same year-over-year comparison.
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Sales Price of Single-Family Homes in Greater Hartford Continues to Rise 

Wednesday, August 17, 2016
According to the Greater Hartford Association of REALTORSŪ (GHAR), the median sale price of single family homes increased 6.80 percent (from $220,000 to $234,950) over July of last year. Closed sales decreased 5.09 percent (from 1296 to 1230) and pending sales decreased 1.56 percent (from 1215 to 1196). New listings decreased 14.96 percent (from 1954 to 1667) and inventory dropped 13.93 percent (from 7996 to 6882). The average number of days on market decreased 8.33 percent (from 60 to 55 days), during this same year-over-year comparison.
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Third Consecutive Month of Increased Sales Price of Single-Family Homes in Greater Hartford 

Tuesday, July 19, 2016
The median sale price of single family homes increased 4.04 percent (from $229,950 to $239,250) over June of last year, according to the Greater Hartford Association of REALTORSŪ (GHAR). Closed sales increased 14.38 percent (from 1196 to 1368) and pending sales increased 0.66 percent (from 1361 to 1370). New listings decreased 11.34 percent (from 2293 to 2033) and inventory dropped 11.24 percent (from 8060 to 7154). The average number of days on market decreased 6.35 percent (from 63 to 59 days), during this same year-over-year comparison.
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Over 20 Percent Rise in Closed Sales of Single-Family Homes in Greater Hartford 

Friday, June 17, 2016
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales increased 21.22 percent (from 900 to 1091) over May of last year. Pending sales increased 9.32 percent (from 1309 to 1431) and the median sales price of single family homes increased 3.49 percent (from $215,000 to $222,500). New listings decreased 14.75 percent (from 2570 to 2191) and inventory dipped 8.03 percent (from 7907 to 7272). The average number of days on market decreased 14.29 percent (from 77 to 66 days), during this same year-over-year comparison.
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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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