Monday, April 17, 2023
Inventory of Single-Family Homes in Greater Hartford down 29 Percent
According to the Greater Hartford Association of REALTORS® (GHAR), the inventory of single-family homes in greater Hartford dropped 28.5 percent (from 782 to 559) when compared to March of last year. Closed sales dropped 26.9 percent (from 416 to 304) and pending sales decreased 27.7 percent (from 494 to 357). The median sales price increased 5.9 percent (from $306,800 to $325,000), New listings decreased 33.1 percent (from 643 to 430) and the average days on market until sale increased 3.1 percent (from 32 to 33) from this same year over year timeframe.