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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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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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Double-digit Rise in Closed Sales of Single-Family Homes in Greater Hartford 

Wednesday, July 15, 2015
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales of single-family homes in greater Hartford increased by 11.67 percent (from 1071 to 1196) over June of last year. Pending sales rose 21.52 percent (from 1120 to 1361) and the median sale price decreased 1.73 percent (from $234,000 to $229,950). New listings increased 10.03 percent (from 2084 to 2293) and inventory increased 3.51 percent (from 7787 to 8060). The average number of days on market decreased 10.00 percent (from 70 to 63 days), during this same timeframe.
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Fourth Consecutive Month of Increased Closed Sales of Single-Family Homes in Greater Hartford 

Wednesday, June 17, 2015
Closed sales of single-family homes in greater Hartford increased by 4.31 percent (from 836 to 872) over May of 2014, according to the Greater Hartford Association of REALTORSŪ (GHAR). Pending sales rose 7.83 percent (from 1214 to 1309) and the median sale price decreased 0.64 percent (from $218,000 to $216,600). New listings increased 10.59 percent (from 2324 to 2570) and inventory increased 3.60 percent (from 7632 to 7907). The average number of days on market increased 6.67 percent (from 75 to 80 days), during this same year-over-year period.
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Closed Sales of Single-Family Homes in Greater Hartford Increase Nearly 5 Percent Over April of Last Year 

Tuesday, May 19, 2015
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales of single-family homes in greater Hartford increased by 4.93 percent (from 669 to 702) and pending sales rose 16.73 percent (from 1052 to 1228), over April of last year. The median sale price increased 2.44 percent (from $205,000 to $210,000). New listings increased 7.20 percent (from 2195 to 2353) and inventory increased 2.07 percent (from 7102 to 7249). The average number of days on market increased 4.76 percent (from 84 to 88 days), during this same year-over-year timeframe.
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Median Sales Price of Single-Family Homes in Greater Hartford Up Nearly 5 Percent Over March of Last Year 

Tuesday, April 21, 2015
According to the Greater Hartford Association of REALTORSŪ (GHAR), the median sale price of single-family homes in greater Hartford increased 4.80 percent (from $198,000 to $207,500) over March of last year. Closed sales increased by 1.91 percent (from 627 to 639) and pending sales rose 7.04 percent (from 938 to 1004). New listings dropped 1.83 percent (from 1638 to 1608) and inventory increased 1.20 percent (from 6103 to 6176). The average number of days on market decreased 5.68 percent (from 88 to 83 days), during this same year-over-year timeframe.
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Double-Digit Rise in Pending Sales of Single-Family Homes in Greater Hartford 

Thursday, March 19, 2015
Pending sales of single-family homes in greater Hartford rose 14.57 percent (from 693 to 794) over February of last year, according to the Greater Hartford Association of REALTORSŪ (GHAR). Closed sales increased by 1.04 percent (from 483 to 488) and the median sale price decreased 3.95 percent (from $196,000 to $188,205). New listings dropped 10.56 percent (from 1061 to 949) and inventory decreased 1.38 percent (from 5450 to 5375). The average number of days on market increased 4.88 percent (from 82 to 86 days), during this same year-over-year timeframe.

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