Tuesday, November 15, 2022
27 Percent Drop in Inventory of Single-Family Homes in Greater Hartford
According to the Greater Hartford Association of REALTORS® (GHAR), housing inventory dropped 27.3 percent (from 1284 to 933) over October of last year. Closed sales decreased 25.0 percent (from 631 to 473) and pending sales decreased 27.2 percent (from 646 to 470). The median sales price of single-family homes in Greater Hartford increased 8.7 percent (from $300,000 to $326,000). New listings fell 20.1 percent (from 668 to 534) and the average days on market until sale remained unchanged at 28 days, during this same year over year timeframe.