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Slight Uptick in Median Sales Price of Single-Family Homes in Greater Hartford

Closed sales remain unchanged compared to last year

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(Hartford, Conn., January 16, 2019) – The median sale price of single family homes in greater Hartford rose 0.46 percent (from $219,000 to $220,000) from this December over December of last year, according to the Greater Hartford Association of REALTORS® (GHAR). Closed sales remained unchanged at 913 houses sold. New listings decreased 14.23 percent (from 745 to 639). Inventory decreased 0.53 percent (from 3778 to 3758) during this same year-over-year timeframe.

In year-to-date statistics, the median sale price increased 4.55 percent (from $222,000 to $230,000) and closed sales decreased 1.89 percent (from 12,303 to 12,070) over year-to-date in December of last year. New listings decreased 2.26 percent (from 18,246 to 17,833) from the beginning of the year, when compared to last year.

Condominium closed sales decreased 17.99 percent (from 239 to 196) over December of last year. The median sale price decreased 1.91 percent (from $144,250 to $141,500) and inventory decreased 6.51 percent (from 845 to 790), during the same timeframe.

In year-to-date statistics, condominium closed sales decreased 0.68 percent (from 2799 to 2780) and the median sale price increased 0.69 percent (from $145,000 to $146,000).

“Lower inventory is predictable in the winter months,” stated GHAR CEO, Holly Callanan. “The continued increase in sales price could make for complex negotiations. Seeking the advice from a Realtor is critical in this market,” she said.

In the national outlook, Lawrence Yun, National Association of REALTORS® chief economist, says two consecutive months of increases is a welcomed sign for the market. “The market conditions in November were mixed, with good signs of stabilizing home sales compared to recent months, though down significantly from one year ago. Rising inventory is clearly taming home price appreciation.”

 

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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Closed Sales of Single-Family Homes in Greater Hartford Rise Over This Time Last Year 

Monday, October 20, 2014
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales of single-family homes in greater Hartford rose 9.45 percent (from 815 to 892) over September of last year. The median sale price increased 0.92 percent (from $218,000 to $220,000) and pending sales increased 4.25 percent (from 823 to 858). New listings and inventory rose 5.99 percent (from 1620 to 1717) and 12.27 percent (from 6714 to 7583), respectively. The average number of days on market rose 20.63 percent (from 63 to 76 days), during this same year-over-year comparison.
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Sales Price of Single-Family Homes in Greater Hartford Decreases Over This Time Last Year 

Thursday, September 18, 2014
The median sale price of single-family homes in Great Hartford dropped 4.26 percent (from $235,000 to $225,000) from this time last year, according to the Greater Hartford Association of REALTORSŪ (GHAR). Closed sales dropped 4.87 percent (from 1067 to 1015) and pending sales rose 3.79 percent (from 923 to 958). New listings and inventory rose 5.23 percent (from 1530 to 1610) and 15.64 percent (from 6718 to 7769), respectively. The average number of days on market rose 8.62 percent (from 58 to 63 days), during this same one year comparison.
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Inventory of Single-Family Homes in Greater Hartford Increases 16 Percent  

Wednesday, August 20, 2014
According to the Greater Hartford Association of REALTORSŪ (GHAR), inventory of single family homes rose 16.56 percent (from 6720 to 7833) over July of last year. Closed sales increased 3.92 percent (from 1045 to 1086) and pending sales decreased 1.36 percent (from 1030 to 1016). New listings increased 12.37 percent (from 1649 to 1853) and inventory increased by 16.56 percent (from 6720 to 7833). The median sale price dropped 1.01 percent (from $237,400 to $235,000) and the average number of days on market remained unchanged at 65 days, during this same one year comparison.
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Double-Digit Rise in Closed Sales of Single-Family Homes in Greater Hartford 

Wednesday, July 16, 2014
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales of single family homes increased 10.64 percent (from 968 to 1071) and pending sales increased 3.70 percent (from 1080 to 1120) over June of last year. New listings rose 19.98 percent (from 1737 to 2084) and inventory increased by 17.01 percent (from 6655 to 7787). The median sale price dropped 1.14 percent (from $236,700 to $234,000) and the average number of days on market increased by 11.11 percent (from 63 days to 70 days), during this same one year comparison.
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Inventory of Single-Family Homes in Greater Hartford Rises 

Wednesday, June 18, 2014
According to the Greater Hartford Association of REALTORSŪ (GHAR), inventory increased 14.22 percent (from 6682 to 7632) and new listings increased 14.37 percent (from 2032 to 2324) over May of last year. Closed sales of single family homes decreased by 9.33 percent (from 922 to 836) and pending sales increased by 3.94 percent (from 1168 to 1214). The median sale price dropped 3.11 percent (from $225,000 to $218,000) and the average number of days on market decreased by 1.32 percent (from 76 days to 75 days), during this same one year comparison.
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Closed Sales of Single-Family Homes in Greater Hartford Drop 

Monday, May 19, 2014
Closed sales of single family homes decreased over April of last year by 3.74 percent (from 695 to 669) and pending sales dropped by 8.04 percent (from 1144 to 1052), according to the Greater Hartford Association of REALTORSŪ (GHAR). Inventory increased 11.02 percent (from 6397 to 7102) and new listings increased 9.26 percent (from 2009 to 2195). The median sale price dropped 4.61 percent (from $214,900 to $205,000) and the average number of days on market remained unchanged at 84 days, during this same one year comparison.
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Double-Digit Rise in New Listings of Single-Family Homes in Greater Hartford 

Wednesday, April 16, 2014
According to the Greater Hartford Association of REALTORSŪ (GHAR), new listings increased 10.45 percent (from 1483 to 1638) and inventory rose 6.57 percent (from 5727 to 6103). Closed sales of single family homes decreased over this time last year by 5.00 percent (from 660 to 627) and pending sales dropped slightly by 0.85 percent (from 946 to 938). The median sale price remained unchanged at $198,000. The average number of days on market decreased 5.38 percent (from 93 to 88 days), during this same one year time-frame.
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Closed Sales of Single-Family Homes in Greater Hartford up Nearly 5 Percent 

Tuesday, March 18, 2014
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales of single family homes increased over this time last year by 4.60 percent (from 457 to 478) and pending sales increased 11.62 percent (from 637 to 711). The median sale price rose 2.65 percent (from $189,000 to $194,000). New listings also increased 4.77 percent (from 1007 to 1055) and inventory rose 5.31 percent (from 5175 to 5450). The average number of days on market increased 6.49 percent (from 77 to 82 days), during this same one year time-frame.
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Sales Price of Single-Family Homes in Greater Hartford up 10 Percent 

Friday, February 21, 2014
According to the Greater Hartford Association of REALTORSŪ (GHAR), the median sales price of single family homes increased over last year by 10.00 percent (from $200,000 to $220,000). Closed sales rose 2.54 percent (from 552 to 566) and pending sales increased 5.49 percent (from 656 to 692). New listings also increased 8.24 percent (from 1201 to 1300) and inventory rose 4.65 percent (from 4986 to 5218). The average number of days on market decreased 5.75 percent (from 87 to 82 days), during this same one year time-frame.
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Closed Sales of Single Family Homes in Greater Hartford Increase Over 11 Percent from Beginning of 2013 

Wednesday, January 22, 2014
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales increased 11.48 percent (from 8711 to 9711) in year-to-date statistics. Pending sales rose 9.77 percent (from 9878 to 10,843) and the median sales price increased 0.92 percent (from $218,000 to $220,000). New listings increased 7.04 percent (from 16,309 to 17,457) and the average number of days a house spent on the market decreased 13.25 percent (from 83 days to 72 days), during this same year-to-date time frame.

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