Thursday, September 14, 2023
Median Sales Price of Single-Family Homes in Greater Hartford Up 8 Percent
According to the Greater Hartford Association of REALTORS® (GHAR), the median sales price of single-family homes in Greater Hartford increased 8.4 percent (from $362,000 to $392,500), when compared to August of last year. Closed sales fell 17.3 percent (from 652 to 539) and pending sales decreased 17.3 percent (from 623 to 515). Inventory decreased 31.6 percent (from 1,069 to 731) and new listings decreased 14.4 percent (from 632 to 541). The average days on market until sale dropped 10.0 percent (from 20 to 18 days), during this same year over year timeframe.