Hartford County finished November with 646 single-family home contracts, which was slightly fewer than the total from November 2016. On a year-to-date basis, the market is about 0.5% ahead of last year.
Monthly deal counts followed the 2016 trends very closely for the past few months as the market began to wind down for the year. December is off to an active start, but will continue the quieting trend. There tend to be fewer home buyers at this time of year, but those who are shopping are generally more serious about their search.
There were very few differences in the number of deals in each of the different price bands. Most of the bands below $1 million are within 1% of their 2016 total. The $300,000s has been the largest gainer, with a 2.9% increase. There have been fewer deals at the million dollar level, but because that is such a small part of the overall market it is difficult to assess the significance.
Inventory levels are low, which is common because sellers take their homes off the market during the holiday season. This is the slowest time of the real estate year as both buyers and sellers regroup and begin to plan for the spring.
Have a happy holiday season … we’ll have a full analysis of the 2017 market in January.