Thursday, September 12, 2024
Median Sales Price of Single-Family Homes in Greater Hartford Up 6 Percent
According to the Greater Hartford Association of REALTORS® (GHAR), the median sales price of single-family homes in Greater Hartford rose 6.1 percent (from $391,250 to $415,000) when compared to August of 2023. Closed sales increased 3.9 percent (from 540 to 561) and pending sales decreased 3.1 percent (from 490 to 475). Inventory decreased 8.3 percent (from 760 to 697) and new listings decreased 5.8 percent (from 536 to 505). The average days on market until sale decreased 25 percent (from 20 to 15 days), when compared to August of last year.