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

Closed sales decrease

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(Hartford, Conn., November 18, 2019) – According to the Greater Hartford Association of REALTORS® (GHAR), the median sales price of single family homes in greater Hartford increased 3.13 percent (from $240,000 to $247,500) over October of last year. Closed sales decreased 3.20 percent (from 562 to 544) and pending sales decreased 3.60 percent (from 556 to 536). New listings decreased 2.14 percent (from 795 to 778) and inventory dropped 10.06 percent (from 2823 to 2539), when compared to last year.

In year-to-date statistics, when compared to last year, closed sales increased 2.62 percent (from 5459 to 5602) and pending sales increased 3.11 percent (from 5537 to 5709). The median sales price increased 0.41 percent (from $246,000 to $247,000) and new listings decreased 2.47 percent (from 8921 to 8701), year over year.

Condominium closed sales decreased 9.52 percent (from 147 to 133) over October of last year. New listings rose 8.99 percent (from 178 to 194). Pending sales decreased 19.55 percent (from 179 to 144) and the median sale price increased 4.41 percent (from $170,000 to $177,500). Inventory decreased 7.67 percent (from 600 to 554), over this time last year.

Condominium new listings year-to-date statistics, year over year, show a decrease of 2.84 percent (from 2110 to 2050) and closed sales increased 0.72 percent (from 1386 to 1396). The median sale price increased 1.79 percent (from $162,000 to $164,900) during this same time frame.

“A slowdown in home sales is typical for this time of year,” said GHAR CEO, Holly Callanan. “Even with a slight uptick in prices, current affordability rates are significant,” she said.

In the national outlook, Lawrence Yun, National Association of REALTORS® chief economist, said that despite historically low mortgage rates, sales have not commensurately increased, in part due to a low level of new housing options. “We must continue to beat the drum for more inventory,” said Yun, who has called for additional home construction for over a year.

 

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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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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Closed Sales of Single-Family Homes in Greater Hartford Off to Slow Start 

Tuesday, February 24, 2015
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales of single family homes decreased over January of last year by 6.97 percent (from 574 to 534) and pending sales increased 4.08 percent (from 662 to 689). The median sales price decreased 14.64 percent (from $219,500 to $187,344). New listings decreased 1.15 percent (from 1303 to 1288) and inventory rose 3.99 percent (from 5218 to 5426). The average number of days on market increased 3.66 percent (from 82 to 85 days), during this same year-over-year timeframe.
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Small Increase in Closed Sales of Single Family Homes in Greater Hartford From Beginning of 2014 

Friday, January 16, 2015
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales of single-family homes in greater Hartford increased 1.07 percent in year-to-date statistics. The median sale price decreased 2.27 percent (from $220,000 to $215,000) from the beginning of the year. Pending sales decreased 1.33 percent (from 10,843 to 10,699) and new listings rose 9.65 percent (from 17,457 to 19,142). The average number of days on market rose 1.39 percent (from 72 to 73 days), during this same year-to-date comparison.
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Closed Sales of Condominiums in Greater Hartford Increased 18 Percent Over This Time Last Year 

Tuesday, November 18, 2014
According to the Greater Hartford Association of REALTORSŪ (GHAR), the median sale price of single-family homes in greater Hartford decreased 7.56 percent (from $225,000 to $208,000) over October of last year. Closed sales rose 4.54 percent (from 837 to 875) and pending sales decreased 3.74 percent (from 910 to 876). New listings and inventory rose 8.28 percent (from 1438 to 1557) and 11.19 percent (from 6316 to 7023), respectively. The average number of days on market rose 11.43 percent (from 70 to 78 days), during this same year-over-year comparison.

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