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

Decrease in median sales price

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(Hartford, Conn., August 16, 2019) – According to the Greater Hartford Association of REALTORS® (GHAR), closed sales of single family homes in greater Hartford increased 0.70 percent (from 713 to 718) over July of last year. The median sale price decreased 4.86 percent (from $278,950 to $265,400) and pending sales increased 2.11 percent (from 663 to 677). New listings decreased 4.73 percent (from 951 to 906) and inventory dropped 8.13 percent (from 2952 to 2712), during this same month, one year ago.

In year-to-date statistics, when compared to last year, closed sales increased 3.48 percent (from 3677 to 3805) and pending sales increased 3.18 percent (from 3905 to 4029). The median sales price dipped 0.40 percent (from $247,000 to $246,000). New listings decreased 2.69 percent (from 6438 to 6265), year over year.

Condominium closed sales increased 7.24 percent (from 152 to 163) over July of last year. The median sale price increased 2.09 percent (from $167,500 to $171,000) and inventory decreased 12.63 percent (from 681 to 595), over this time last year.

Condominium year-to-date statistics, year over year, show closed sales increased 4.58 percent (from 917 to 959). The median sale price increased 2.48 percent (from $161,000 to $165,000) during this same time frame.

“Lower sales prices and consistently low interest rates make this a perfect time to buy and sell,” said GHAR CEO, Holly Callanan. “Let’s hope this sales momentum carries into the fall market,” she said.

In the national outlook, Lawrence Yun, National Association of REALTORS® chief economist, says “home sales are running at a pace similar to 2015 levels – even with exceptionally low mortgage rates, a record number of jobs and a record high net worth in the country.” Yun says the nation is in the midst of a housing shortage and much more inventory is needed. “Imbalance persists for mid-to-lower priced homes with solid demand and insufficient supply, which is consequently pushing up home prices,” he said.

 

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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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 REALTORSŪ (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 REALTORSŪ (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 REALTORSŪ (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 REALTORSŪ (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 REALTORSŪ (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 REALTORSŪ (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 REALTORSŪ (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 REALTORSŪ (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 REALTORSŪ (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 REALTORSŪ (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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