May Contracts: Continued Strength

Hartford County Single Family Contracts in May 2016

Hartford County’s active real estate market continued, with 1,056 single-family homes going under contract in May. The year-to-date contract total is more than 19% ahead of this point in 2015.

The top chart shows that June was the peak of 2015 sales activity. The peak is usually a month or two earlier, which will make next month an interesting data point. Will the market be able to produce a 3rd consecutive month with over 1,000 contracts? That’s what it will take to continue outperforming 2015.

There is nothing particularly new to report in how the deals break down into the various price bands. Lower price bands are driving the overall market, as they have the larger raw deal totals, and show very strong percentage gains over 2015.

Similarly, the inventory of available homes continues to follow previously described trends. The higher the price point, the more options buyers have – at least as a percentage of the number deals over the past 12 months.

Hartford County Single Family Contracts in May 2016 by Town