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Over 20 Percent Increase in Median Sales Price of Single-Family Homes in Greater Hartford

Closed sales increase over 7 percent

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(Hartford, Conn., February 16, 2021) – According to the Greater Hartford Association of REALTORS® (GHAR), the median sale price of single family homes in Greater Hartford increased 20.72 percent (from $236,700 to $285,750), over January of 2020. Closed sales increased 7.69 percent (from 416 to 448). Pending sales increased 5.42 percent (from 424 to 447) and new listings decreased 34.68 percent (from 617 to 403). Inventory dropped 51.69 percent (from 1921 to 928) and days on market decreased 43.42 percent (from 76 to 43 days) during this same timeframe.

Condominium closed sales increased 45.83 percent (from 96 to 140) over January of last year. The median sale price decreased 17.24 percent (from $153,450 to $179,900) and inventory decreased 32.79 percent (from 430 to 289). New listings decreased 25.86 percent (from 174 to 129) when compared to January of 2020.

“January showed the same strong housing numbers in our market that we’ve seen most of last year,” stated GHAR CEO, Holly Callanan. “The continued demand is a good sign for those looking to sell. Involving a Realtor early in the process is an important first step,” she said.

In the national outlook, Lawrence Yun, National Association of REALTORS® chief economist, stated: "Home sales rose in December, and for 2020 as a whole, we saw sales perform at their highest levels since 2006, despite the pandemic. What's even better is that this momentum is likely to carry into the new year, with more buyers expected to enter the market."

 

The Greater Hartford Association of REALTORS® (GHAR) is the largest local real estate trade association in Connecticut, serving over 4700 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 Rises 

Wednesday, June 18, 2014
According to the Greater Hartford Association of REALTORS® (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 REALTORS® (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 REALTORS® (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 REALTORS® (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 REALTORS® (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 REALTORS® (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 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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