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

Tuesday, April 16, 2019
According to the Greater Hartford Association of REALTORSŪ (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.
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Decrease in Median Sales Price of Single-Family Homes in Greater Hartford 

Wednesday, March 27, 2019
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales of single family homes in greater Hartford rose 5.25 percent over February of 2018 (from 571 to 601). The median sale price decreased 6.98 percent (from $215,000 to $200,000). New listings decreased 15.05 percent (from 1269 to 1078) and inventory dropped 5.55 percent (from 4128 to 3899), during this same timeframe.
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Increase of Closed Sales of Single-Family Homes in Greater Hartford 

Tuesday, February 19, 2019
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales of single family homes in greater Hartford rose 7.92 percent over January of 2018 (from 644 to 695). Pending sales increased 2.42 percent (from 1033 to 1058) and the median sale price decreased 1.20 percent (from $209,000 to $206,500). New listings increased 1.27 percent (from 1103 to 1117) and inventory dropped 1.62 percent (from 3826 to 3764), during this same timeframe.
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Slight Uptick in Median Sales Price of Single-Family Homes in Greater Hartford 

Wednesday, January 16, 2019
The median sale price of single family homes in greater Hartford rose 0.46 percent (from $219,000 to $220,000) from this December over December of last year, according to the Greater Hartford Association of REALTORSŪ (GHAR). Closed sales remained unchanged at 913 houses sold. New listings decreased 14.23 percent (from 745 to 639). Inventory decreased 0.53 percent (from 3778 to 3758) during this same year-over-year timeframe.
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Increase in Median Sales Price of
Single-Family Homes in Gr. Hartford
 

Tuesday, December 18, 2018
The median sale price of single family homes in greater Hartford rose 4.88 percent (from $215,000 to $225,500), according to the Greater Hartford Association of REALTORSŪ (GHAR). Closed sales increased 2.28 percent (from 966 to 988) over November of last year. New listings dropped 1.26 percent (from 1035 to 1022). Inventory decreased 0.80 percent (from 4366 to 4331) during this same year-over-year timeframe.
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Slight Increase in Closed Sales of Single-Family Homes in Greater Hartford 

Tuesday, November 20, 2018
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales of single family homes in greater Hartford increased 0.79 percent (from 1011 to 1019) over October of last year. The median sale price also rose 2.74 percent (from $219,000 to $225,000) and new listings dropped 1.45 percent (from 1444 to 1423). Inventory decreased 0.31 percent (from 4893 to 4878) during this same year-over-year timeframe.
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Rise in Median Sale Price of Single-Family Homes in Greater Hartford 

Monday, October 22, 2018
The median sale price of single family homes in greater Hartford increased 3.17 percent (from $221,000 to $228,000) over September of last year, according to the Greater Hartford Association of REALTORSŪ (GHAR). Closed sales decreased 19.98 percent (from 1106 to 885) and new listings dropped 4.65 percent (from 1571 to 1498). Inventory increased 0.39 percent (from 5162 to 5182) during this same year-over-year timeframe.
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Closed Sales of Single-Family Homes in Greater Hartford Rise 

Wednesday, September 19, 2018
According to the Greater Hartford Association of REALTORSŪ (GHAR), closed sales of single family homes in greater Hartford increased 3.15 percent (from 1302 to 1343).
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Increase in Closed Sales of Single-Family Homes in Greater Hartford 

Thursday, August 16, 2018
Closed sales of single family homes in greater Hartford increased 2.51 percent (from 1274 to 1306), according to the Greater Hartford Association of REALTORSŪ (GHAR). The median sale price increased 7.14 percent (from $232,950 to $249,580) and new listings rose 0.82 percent (from 1699 to 1713), over July of last year. Inventory decreased 3.79 percent (from 5492 to 5284) during this same year-over-year timeframe.
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Sales Price of Single-Family Homes in Greater Hartford Drops 

Monday, July 23, 2018
According to the Greater Hartford Association of REALTORSŪ (GHAR), the median sale price of single family homes in greater Hartford fell 6.25 percent (from $240,000 to $225,000) over June of 2017. Closed sales decreased 2.64 percent (from 1440 to 1402) and new listings fell 1.32 percent (from 1964 to 1938). During this same year-over-year timeframe, inventory dropped 11.04 percent (from 6086 to 5414).

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