Media Releases

Closed Sales of Single-Family Homes in Greater Hartford Rise Over 5 Percent

Increase in median sales price

(Download full release in pdf)

(Hartford, Conn., June 18, 2019) – According to the Greater Hartford Association of REALTORS® (GHAR), closed sales of single family homes in greater Hartford increased 5.32 percent (from 601 to 633). The median sale price increased 8.33 percent (from $240,000 to $260,000) and pending sales rose 11.56 percent (from 666 to 743) over May of 2019. New listings increased 1.70 percent (from 1178 to 1198) and inventory dropped 6.88 percent (from 2909 to 2709), during this same year-over-year timeframe.

In year-to-date statistics, when compared to last year, closed sales increased 5.63 percent (from 2183 to 2306) and pending sales increased 7.68 percent (from 2487 to 2678). The median sales price rose 0.86 percent (from $233,000 to $235,000). New listings decreased 2.05 percent (from 4439 to 4348), year over year.

Condominium closed sales increased 13.25 percent (from 151 to 171) over May of last year. The median sale price increased 2.97 percent (from $165,000 to $169,900) and inventory decreased 15.84 percent (from 726 to 611), over this time last year.

Condominium year-to-date statistics, year over year, show closed sales increased 2.90 percent (from 587 to 604). The median sale price decreased 1.41 percent (from $160,000 to $157,750) during this same time frame.

“A rise in sales, even while inventory is relatively low, is a good sign,” said GHAR CEO, Holly Callanan. “It seems that buyers are finding what they need, creating stability in the market,” she said.

In the national outlook, Lawrence Yun, National Association of REALTORS® chief economist, said he is not overly concerned about the 0.4% dip nationally in sales and expects moderate growth very soon. “First, we are seeing historically low mortgage rates combined with a pent-up demand to buy, so buyers will look to take advantage of these conditions,” he said. “Also, job creation is improving, causing wage growth to align with home price growth, which helps affordability and will help spur more home sales.”

 

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

«  previous  | 1 2 3 4 5 6 7 8  |  next  » 


Icon

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.
Icon

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.
Icon

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.
Icon

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.
Icon

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.
Icon

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.
Icon

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.
Icon

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.
Icon

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.
Icon

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.

«  previous  | 1 2 3 4 5 6 7 8  |  next  » 

RSS Feed RSS

Would you like this content delivered to your email or reader via RSS (Really Simple Syndication)? Please use the links below to subscribe and receive these headlines via email, Google or Yahoo. Please select your preferred distribution method below and follow the instructions to complete your subscription.