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

Increase in median sales price

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(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

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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 REALTORS® (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 REALTORS® (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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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 REALTORS® (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).
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Pending Sales Single-Family Homes in Greater Hartford up Nearly 22 Percent 

Monday, April 22, 2013
According to the Greater Hartford Association of REALTORS® (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.
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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 REALTORS® (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.
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Sales of Single-Family Homes in Greater Hartford up Nearly 40 Percent 

Thursday, February 21, 2013
According to the Greater Hartford Association of REALTORS® (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.
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10 Consecutive Months with Rise in Sales 

Thursday, January 17, 2013
According to the Greater Hartford Association of REALTORS® (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.
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Over 30 Percent Rise in Sales 

Monday, December 17, 2012
According to the Greater Hartford Association of REALTORS® (GHAR), closed sales of single family homes rose 30.21 percent (from 609 to 793) over November of last year. Pending sales increased 42.92 percent...
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Median Sales Price of Single-Family Homes in Greater Hartford Rises  

Tuesday, November 20, 2012
(West Hartford, Conn., November 20, 2012) – Closed sales of single family homes increased 21.74 percent (from 575 to 700) over October of last year, according to the Greater Hartford Association of REALTORS® (GHAR). Pending sales rose 27.75 percent (from 645 to 824) and new listings increased 3.12 percent (from 1249 to 1288). The median sale price increased 1.18 percent (from $212,500 to $215,000) and inventory dropped 6.08 percent (from 6393 to 6004). The average number of days on market dropped 4.94 percent (from 81 to 77), during this same one year time-frame.
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Over 10 Percent Rise in Closed Sales of Single-Family Homes in Greater Hartford, Pending Sales Up Over 20 Percent 

Friday, October 19, 2012

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