Media Releases

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

Decrease in closed sales

(Download full release in pdf)

(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

«  previous  | 1 2 3 4 5 6 7 8 9  |  next  » 


Icon

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.
Icon

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.
Icon

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.
Icon

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.
Icon

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.
Icon

Nearly Three Percent Rise in Median Sales Price of Single-Family Homes in Greater Hartford 

Thursday, May 23, 2013
The median sales price of single family homes increased 2.82 percent in April over one year ago (from $209,000 to $214,900), according to the Greater Hartford Association of REALTORSŪ (GHAR). Closed sales of single family homes increased by 5.46 percent (from 659 to 695) and pending sales also increased 12.49 percent (from 1017 to 1144), during this same one year time frame. New listings increased 13.70 percent (from 1767 to 2009) and inventory dropped 6.61 percent (from 6850 to 6397). The average number of days a house spent on the market decreased 9.68 percent (from 93 to 84).
Icon

Pending Sales Single-Family Homes in Greater Hartford up Nearly 22 Percent 

Monday, April 22, 2013
According to the Greater Hartford Association of REALTORSŪ (GHAR), pending sales of single family homes increased in March over last year by 21.99 percent (from 864 to 1054) and closed sales also increased 0.31 percent (from 643 to 645). The median sale price dropped 2.70 percent (from $204,000 to $198,500). New listings decreased 12.87 percent (from 1694 to 1476) and inventory dropped 11.02 percent (from 6436 to 5727). The average number of days a house spent on the market decreased 4.12 percent (from 97 to 93), during this same one year time-frame.
Icon

Closed Sales of Single-Family Homes in Greater Hartford Continue to Rise 

Thursday, March 21, 2013
Closed sales of single family homes increased in February over last year by 6.18 percent (from 421 to 447) and pending sales decreased 8.34 percent (from 767 to 703), according to the Greater Hartford Association of REALTORSŪ (GHAR). The median sale price dropped 5.94 percent (from $202,000 to $190,000). New listings decreased 23.88 percent (from 1315 to 1001) and inventory dropped 14.21 percent (from 6032 to 5175). The average number of days a house spent on the market decreased 20.20 percent (from 99 to 79), during this same one year time-frame.
Icon

Sales of Single-Family Homes in Greater Hartford up Nearly 40 Percent 

Thursday, February 21, 2013
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales of single family homes increased over last year by 39.04 percent (from 397 to 552). Pending sales rose 37.45 percent (from 542 to 745) and the median sale price increased 2.56 percent (from $195,000 to $200,000). New listings decreased 6.25 percent (from 1281 to 1201) and inventory dropped 11.15 percent (from 5612 to 4986). The average number of days on market decreased 14.71 percent (from 102 to 87), during this same one year time-frame.
Icon

10 Consecutive Months with Rise in Sales 

Thursday, January 17, 2013
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales of single family homes increased for the 10th consecutive month over last year by 27.24 percent (from 547 to 696) over December of last year.

«  previous  | 1 2 3 4 5 6 7 8 9  |  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.