News

(Hartford, Conn., December 14, 2022) – Greater Hartford, the market area served by members of the Greater Hartford Association of REALTORS (GHAR), has been ranked No.1 on the Realtor.com® 2023 Top housing markets forecast. Market areas on the list were selected because they are not only poised to see the strongest combined growth in home sales and listing prices in the coming year, but up to this point they have seen lower price increases and a relatively smaller affordability crunch than other markets across the U.S.

According to the Greater Hartford Association of REALTORS® (GHAR), the median sales price of single-family homes in Greater Hartford increased 8.3 percent (from $300,000 to $325,000) over November of last year. Closed sales decreased 34.6 percent (from 635 to 415) and pending sales dropped 33.6 percent (from 593 to 394). Housing inventory decreased 24.2 percent (from 1094 to 829) and new listings fell 28.8 percent (from 507 to 361). The average days on market remained unchanged at 27 days, during this same year over year comparison.