The Hartford County single-family market finished February with 706 contracts, a 2.2% increase over February of last year.
The year always begins with a slow ramp up of activity as new listings come onto the market, and buyers begin to think about the spring. Market data shows that the inventory of available homes is still quite low in many towns.
Buyers tend to behave in one of two ways when there are not a lot of properties to choose from. They either aggressively compete for the available properties, or they take a step back to wait for more homes to be listed. It mostly depends on how urgently they need to find a new home. We’re seeing some of each behavior at the moment.
This is the time of year to get your home onto the market. Pricing continues to be strong, mortgage interest rates continue to be low, and buyers are focusing more on their home search.
Give us a call for an evaluation of your property, we can give you a sense of your specific situation.