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

Decrease in closed sales

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(Hartford, Conn., September 17, 2019) – According to the Greater Hartford Association of REALTORS® (GHAR), the median sales price of single family homes in greater Hartford remained unchanged over August of last year at $254,900. Closed sales decreased 10.2 percent (from 755 to 678) and pending sales increased 10.4 percent (from 616 to 680). New listings decreased 1.0 percent (from 831 to 823) and inventory dropped 9.1 percent (from 2876 to 2614), during this same month, one year ago.

In year-to-date statistics, when compared to last year, closed sales increased 1.3 percent (from 4439 to 4495) and pending sales increased 3.6 percent (from 4520 to 4682). The median sales price increased 0.4 percent (from $248,000 to $248,888). New listings decreased 2.4 percent (from 7269 to 7091), year over year.

Condominium closed sales decreased 5.7 percent (from 174 to 164) over August of last year. Pending sales increased 7.6 percent (from 144 to 155) and the median sale price decreased 3.0 percent (from $165,000 to $160,000). Inventory decreased 12.0 percent (from 676 to 595), over this time last year.

Condominium year-to-date statistics, year over year, show closed sales increased 3.2 percent (from 1091 to 1126). The median sale price increased 0.6 percent (from $162,000 to $163,000) during this same time frame.

“The drop in closed sales is countered by the rise in pending, which should make for an interesting fall market,” said GHAR CEO, Holly Callanan. “Never hesitate to consult with a REALTOR to make sure you are getting the best and most accurate advice,” she said.

In the national outlook, Lawrence Yun, National Association of REALTORS® chief economist, says “falling mortgage rates are improving housing affordability and nudging buyers into the market.” However, he added that the supply of affordable housing is severely low. “The shortage of lower-priced homes have markedly pushed up home prices.”

 

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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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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Drop in Closed Sales of Single Family Homes in Greater Hartford 

Tuesday, December 17, 2013
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales dropped 7.31 percent (from 793 to 735) and pending sales rose 16.45 percent (from 626 to 729) over November of last year. The median sales price decreased 6.05 percent (from $215,000 to $202,000) and the average number of days a house spent on the market decreased 10.84 percent (from 83 days to 74 days). New listings and inventory increased 12.24 percent (from 907 to 1018) and 4.79 percent (from 5424 to 5684), respectively, during this same one year time frame.
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Closed Sales of Single Family Homes in Greater Hartford Continue to Rise 

Thursday, November 21, 2013
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales rose 16.57 percent (from 718 to 837) and the median sales price increased 4.65 percent (from $215,000 to $225,000) over October of last year. Pending sales rose 15.19 percent (from 790 to 910) and the average number of days a house spent on the market decreased 9.09 percent (from 77 days to 70 days). New listings and inventory also increased 11.65 percent (from 1288 to 1438) and 5.20 percent (from 6004 to 6316), respectively, during this same one year time frame.

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