Monday, April 15, 2024
Pending Sales of Single-Family Homes in Greater Hartford Increase 8 Percent
According to the Greater Hartford Association of REALTORS® (GHAR), pending sales of single-family homes in greater Hartford increased 7.6 percent (from 340 to 366), when compared to March of last year. Closed sales decreased 7.2 percent (from 306 to 284) and the median sales price rose 13.1 percent (from $325,000 to $367,500). Inventory dropped 16.4 percent (from 590 to 493) and new listings decreased 8.1 percent (from 430 to 395). The average days on market until sale increased 115.2 percent (from 33 to 71 days), when compared to March of 2023.