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Over 20 Percent Increase in Median Sales Price of Single-Family Homes in Greater Hartford

Closed sales increase over 7 percent

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(Hartford, Conn., February 16, 2021) – According to the Greater Hartford Association of REALTORS® (GHAR), the median sale price of single family homes in Greater Hartford increased 20.72 percent (from $236,700 to $285,750), over January of 2020. Closed sales increased 7.69 percent (from 416 to 448). Pending sales increased 5.42 percent (from 424 to 447) and new listings decreased 34.68 percent (from 617 to 403). Inventory dropped 51.69 percent (from 1921 to 928) and days on market decreased 43.42 percent (from 76 to 43 days) during this same timeframe.

Condominium closed sales increased 45.83 percent (from 96 to 140) over January of last year. The median sale price decreased 17.24 percent (from $153,450 to $179,900) and inventory decreased 32.79 percent (from 430 to 289). New listings decreased 25.86 percent (from 174 to 129) when compared to January of 2020.

“January showed the same strong housing numbers in our market that we’ve seen most of last year,” stated GHAR CEO, Holly Callanan. “The continued demand is a good sign for those looking to sell. Involving a Realtor early in the process is an important first step,” she said.

In the national outlook, Lawrence Yun, National Association of REALTORS® chief economist, stated: "Home sales rose in December, and for 2020 as a whole, we saw sales perform at their highest levels since 2006, despite the pandemic. What's even better is that this momentum is likely to carry into the new year, with more buyers expected to enter the market."

 

The Greater Hartford Association of REALTORS® (GHAR) is the largest local real estate trade association in Connecticut, serving over 4700 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 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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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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