Tuesday, January 16, 2024
Median Sales Price of Single-Family Homes in Greater Hartford Increases 19 Percent
According to the Greater Hartford Association of REALTORS® (GHAR), the median sales price of single-family homes in greater Hartford rose 18.8 percent (from $303,000 to $360,000) over December of 2022. Inventory dropped 24.8 percent (from 653 to 491) and new listings increased 2.5 percent (from 202 to 207). Pending sales decreased 3.0 percent (from 336 to 326) and closed sales remained unchanged, when compared to December of last year (423 sales). The average days on market until sale increased 8.3 percent (from 24 to 26 days) from this same month, last year.