The West Hartford real estate market finished September 2013 with 52 closings, which was nearly 24% more than the total from September of last year. For the whole year, the 2013 transaction total is about 13% ahead of 2012.
There have not been any major changes in the stats since August. The distribution of closed deals has been pretty consistent over the different price bands. The number of properties under contract has fallen slightly from 104 to 102. The number of active listings has increased from 220 to 225. Inventory levels are beginning to increase.
We noted the other day that Hartford County buyer activity was surprisingly weak in September considering how August ended. West Hartford was in line with this trend, with about a 3% decline in the number of contracts written compared to September 2012.
That said, there are still a lot of homes under contract, waiting to close, so the final tally of completed transactions will certainly surpass the 636 we had in 2012. So far this year there have been 566 closed deals. The majority of the 102 homes under contract as of 10/4 (when we collected the data) should close this year, which means that we’re on track to have our best year in West Hartford since 2007.