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

Closed sales decrease

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(Hartford, Conn., November 18, 2019) – According to the Greater Hartford Association of REALTORS® (GHAR), the median sales price of single family homes in greater Hartford increased 3.13 percent (from $240,000 to $247,500) over October of last year. Closed sales decreased 3.20 percent (from 562 to 544) and pending sales decreased 3.60 percent (from 556 to 536). New listings decreased 2.14 percent (from 795 to 778) and inventory dropped 10.06 percent (from 2823 to 2539), when compared to last year.

In year-to-date statistics, when compared to last year, closed sales increased 2.62 percent (from 5459 to 5602) and pending sales increased 3.11 percent (from 5537 to 5709). The median sales price increased 0.41 percent (from $246,000 to $247,000) and new listings decreased 2.47 percent (from 8921 to 8701), year over year.

Condominium closed sales decreased 9.52 percent (from 147 to 133) over October of last year. New listings rose 8.99 percent (from 178 to 194). Pending sales decreased 19.55 percent (from 179 to 144) and the median sale price increased 4.41 percent (from $170,000 to $177,500). Inventory decreased 7.67 percent (from 600 to 554), over this time last year.

Condominium new listings year-to-date statistics, year over year, show a decrease of 2.84 percent (from 2110 to 2050) and closed sales increased 0.72 percent (from 1386 to 1396). The median sale price increased 1.79 percent (from $162,000 to $164,900) during this same time frame.

“A slowdown in home sales is typical for this time of year,” said GHAR CEO, Holly Callanan. “Even with a slight uptick in prices, current affordability rates are significant,” she said.

In the national outlook, Lawrence Yun, National Association of REALTORS® chief economist, said that despite historically low mortgage rates, sales have not commensurately increased, in part due to a low level of new housing options. “We must continue to beat the drum for more inventory,” said Yun, who has called for additional home construction for over a year.

 

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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Drop in Closed Sales of Single Family Homes in Greater Hartford 

Tuesday, December 17, 2013
According to the Greater Hartford Association of REALTORS® (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 REALTORS® (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 REALTORS® (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 REALTORS® (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 REALTORS® (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 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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