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

Tuesday, 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.
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Local REALTOR® Association Installs 2021 President 

Friday, January 22, 2021
The Greater Hartford Association of REALTORS® (GHAR) announces Alexa Kebalo Hughes of eXp Realty, will serve as 2021 President. Kebalo was installed to the position at the GHAR Virtual Installation on January 21, 2021.
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Closed Sales of Single-Family Homes in Greater Hartford Increase over 50 Percent 

Friday, January 15, 2021
According to the Greater Hartford Association of REALTORS® (GHAR), closed sales of single-family homes in Greater Hartford increased 51.21 percent (from 494 to 747) over December of 2019. The median sales price increased 16.63 percent (from $240,000 to $279,900) and pending sales rose 36.32 percent (from 435 to 593). New listings increased 11.66 percent (from 326 to 364) and inventory dropped 46.52 percent (from 1924 to 1029), during this same timeframe.
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Closed Sales of Single-Family Homes in Greater Hartford Increase over 44 Percent 

Wednesday, December 16, 2020
According to the Greater Hartford Association of REALTORS® (GHAR), closed sales of single-family homes in Greater Hartford increased 44.10 percent (from 449 to 647) over November of 2019. The median sales price increased 12.24 percent (from $245,000 to $275,000) and pending sales rose 43.01 percent (from 479 to 685). New listings increased 1.56 percent (from 512 to 520) and inventory dropped 40.18 percent (from 2357 to 1410), during this same timeframe.
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Over 35 Percent Increase in Closed Sales of Single-Family Homes in Greater Hartford 

Tuesday, November 24, 2020
According to the Greater Hartford Association of REALTORS® (GHAR), closed sales of single-family homes in Greater Hartford increased 36.31 percent (from 548 to 747) over October of last year. The median sales price increased 13.33 percent (from $247,500 to $280,500) and pending sales rose 49.90 percent (from 509 to 763). New listings increased 4.66 percent (from 772 to 808) and inventory dropped 35.56 percent (from 2610 to 1682), during this same timeframe.
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Over 20 Percent Increase in Median Sales Price of Single-Family Homes in Greater Hartford 

Thursday, October 15, 2020
According to the Greater Hartford Association of REALTORS® (GHAR), the median sales price of single-family homes in Greater Hartford increased 20.50 percent (from $241,900 to $291,500) over September of last year. Closed sales increased 27.44 percent (from 554 to 706) and pending sales rose 28.68 percent (from 516 to 664). New listings decreased 27.80 percent (from 820 to 592) and inventory dropped 56.14 percent (from 2663 to 1168), during this same timeframe.
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Increase in Closed Sales of Single-Family Homes in Greater Hartford 

Tuesday, September 22, 2020
According to the Greater Hartford Association of REALTORS® (GHAR), closed sales of single-family homes in Greater Hartford increased 23.63 percent over August of last year (from 673 to 832). The median sales price increased 14.17 percent (from $254,000 to $290,000) and pending sales rose 29.26 percent (from 639 to 826). New listings increased 1.10 percent (from 817 to 826) and inventory dropped 34.16 percent (from 2693 to 1773), during this same timeframe.
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Increase in Closed Sales of Single-Family Homes in Greater Hartford 

Monday, August 17, 2020
According to the Greater Hartford Association of REALTORS® (GHAR), closed sales of single-family homes in Greater Hartford increased 7.59 percent over July of last year (from 725 to 780). The median sales price increased 7.55 percent (from $265,000 to $285,000) and pending sales rose 31.52 percent (from 644 to 847). New listings increased 4.30 percent (from 906 to 945) and inventory dropped 31.64 percent (from 2791 to 1908), during this same timeframe.
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Increase in Median Sales Price of Single-Family Homes in Greater Hartford 

Thursday, July 16, 2020
According to the Greater Hartford Association of REALTORS® (GHAR), the median sales price of single-family homes in Greater Hartford increased 2.82 percent over June of last year (from $267,450 to $275,000). Closed sales dropped 21.82 percent (from 770 to 602) and pending sales rose 2.12 percent (from 707 to 722). New listings decreased 5.64 percent (from 1011 to 954) and inventory dropped 30.29 percent (from 2846 to 1984), during this same timeframe.
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Closed Sales of Single-Family Homes in Greater Hartford Down 12 Percent 

Tuesday, June 16, 2020
According to the Greater Hartford Association of REALTORS® (GHAR), closed sales of single-family homes in Greater Hartford decreased 12.75 percent over May of last year (from 643 to 561). Pending sales decreased 15.45 percent (from 712 to 602) and the median sale price increased 1.92 percent (from $260,000 to $265,000). New listings decreased 31.22 percent (from 1198 to 824) and inventory dropped 31.91 percent (from 2795 to 1903), during this same timeframe.

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