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Decrease in Closed Sales of Single-Family Homes in Greater Hartford

New listings rise

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(Hartford, Conn., April 16, 2019) – According to the Greater Hartford Association of REALTORS® (GHAR), closed sales of single family homes in greater Hartford dropped 2.67 percent over March of 2018 (from 825 to 803). The median sale price decreased 2.62 percent (from $224,900 to $219,000). New listings increased 0.80 percent (from 1623 to 1636) and inventory dropped 2.29 percent (from 4505 to 4402), during this same timeframe.

In year-to-date statistics, when compared to last year, closed sales increased 1.65 percent (from 2063 to 2097) and pending sales decreased 1.34 percent (from 1569 to 1548). The median sale price decreased 2.33 percent (from $215,000 to $210,000) and new listings decreased 4.11 percent (from 3995 to 3831), year over year.

Condominium closed sales increased 10.70 percent (from 187 to 207) over March of last year. The median sale price increased 8.15 percent (from $135,500 to $146,000) and inventory decreased 10.47 percent (from 1051 to 941), over this time last year.

Condominium year-to-date statistics, year over year, show closed sales decreased 1.80 percent (from 499 to 490). The median sale price increased 2.19 percent (from $137,000 to $140,000) during this same time frame.

“The housing numbers from March paint a slightly different picture from what I’m currently hearing from our members,” said GHAR CEO, Holly Callanan. “An uptick in new listings is a welcome sign and I’m confident the spring market will be a strong one,” she said.

In the national outlook, Lawrence Yun, National Association of REALTORS® chief economist, noted “for sustained growth, significant construction of moderately priced-homes is still needed. More construction will help boost local economies and more home sales will help lessen wealth inequality as more households can enjoy in housing wealth gains."

 

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 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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Sales of Condominiums Rise Nearly 20 Percent from Beginning of 2013 to Date in Greater Hartford 

Monday, October 21, 2013
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales rose 12.26 percent (from 726 to 815) and the median sales price increased 3.81 percent (from $210,000 to $218,000) over September of last year. Pending sales rose 0.61 percent (from 818 to 823) and the average number of days a house spent on the market decreased 21.25 percent (from 80 days to 63 days). New listings and inventory also increased 19.47 percent (from 1356 to 1620) and 11.75 percent (from 6008 to 6714), respectively, during this same one year time frame.
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Large Drop in Days on Market of Single-Family Homes in Greater Hartford over Last August 

Wednesday, September 18, 2013
The average days a house spent on the market from this August compared to August of last year dropped 27.50 percent (from 80 days to 58 days), according to the Greater Hartford Association of REALTORSŪ (GHAR). Closed sales of single family homes increased by 12.55 percent (from 948 to 1067) and pending sales also increased 5.73 percent (from 873 to 923). The median sales price of single family homes increased 0.21 percent (from $234,500 to $235,000). Inventory increased 1.82 percent (from 6598 to 6718) and new listings increased 6.03 percent (from 1443 to 1530), during this same one year time frame.
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Over 18 Percent Rise in Closed Sales of Single-Family Homes in Greater Hartford 

Thursday, August 22, 2013
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales of single family homes increased by 18.48 percent over July of last year (from 882 to 1045). Pending sales also increased 15.34 percent (from 893 to 1030) and the median sales price of single family homes increased 0.70 percent (from $235,750 to $237,400), over July of last year. Inventory increased 0.30 percent (from 6700 to 6720). New listings increased 13.72 percent (from 1450 to 1649) and the average number of days a house spent on the market decreased 5.80 percent (from 69 days to 65), during this same one year time frame.
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Slight Rise in Sales Price of Single-Family Homes in Greater Hartford 

Wednesday, July 17, 2013
The median sales price of single family homes increased 1.37 percent (from $233,000 to $236,700) over July of last year, according to the Greater Hartford Association of REALTORSŪ (GHAR). Closed sales of single family homes increased by 0.62 percent (from 962 to 968) and pending sales also increased 12.97 percent (from 956 to 1080). Inventory dropped by 0.69 percent (from 6701 to 6655). New listings increased 15.34 percent (from 1506 to 1737) and the average number of days a house spent on the market decreased 17.11 percent (from 76 days to 63), during this same one year time frame.
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Over 15 Percent Rise in Closed Sales of Single-Family Homes in Greater Hartford 

Thursday, June 20, 2013
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales of single family homes increased by 15.11 percent (from 801 to 922) and pending sales also increased 17.86 percent (from 991 to 1168) in May over one year ago. The median sales price of single family homes decreased 2.17 percent (from $230,000 to $225,000) as did inventory by 2.98 percent (from 6887 to 6682). New listings increased 21.22 percent (from 1673 to 2028) and the average number of days a house spent on the market decreased 14.61 percent (from 89 to 76), during this same one year time frame.

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