The 515 single-family contracts observed in Hartford County this January put the market in line with recent history. There were 519 deals that came together last January, and 544 the year before that.
A new year always feels like a fresh start. For us as agents, it’s a clean slate and fun to get back to work after the holiday season. Buyers also seem more engaged in January, even if they are hoping to make their purchase later in the spring. This is the right time for them to meet with their agents to establish a strategy and make sure they are properly prepared. Most sellers see the spring market as the ideal time to list, and this is a good time for them to prepare their property for the market.
During the first quarter of the year, the real estate market often trends with the weather. Big snow storms will slow things way down for a day or two until the streets are clear and the kids are back in school. If Mother Nature strings a few storms together, then sellers start to think more seriously about the timing of listing their home for sale.
Our sense is that the market seems healthy. 2014 results were similar to 2013 results in many ways as the market looks to establish a new normal activity level. It does not seems like there are widespread imbalances between supply and demand, so we expect a steady real estate market this spring.
As always, we’ll be on the lookout for trends and events that could change the local dynamics. Please call or write if you have questions, or are looking for an agent to help with your real estate needs.