The Hartford County single-family home market extended its late-summer strength through September. The County finished the month with 797 contracts, which was more than 16% higher that the unusually slow month observed in September 2018. On a year-to-date basis 2019 was 3.7% ahead of the 2018 contracts total through three quarters. Inventory continues to trend below both 2018 and 2017. The chart below shows it moved down slightly over the past two months. The reduction
The Hartford County single-family market finished August with 860 contracts, which was more than 10% higher than the total from August 2018. On a year-to-date basis the County is more than 2% ahead of 2018. Something that is hidden in the data is that there has been an uptick in the number of deals that didn’t make it all the way to closing. We track when buyers and sellers agree to deals, as that’s the
Hartford County finished July with just under 900 single-family contracts, about 3% more than July of 2018. On a year-to-date basis 2019 is about 1.4% ahead of last year. Real estate activity continues to be strong in Greater Hartford. Inventory levels trended slightly upwards to 3.4 months by the end of July. The number of active listings remains below last year’s totals, and barely outside of seller’s market territory (less than 3 months of inventory).
Hartford County finished June with 958 single-family contracts, slightly behind last June. The first half of the year overall finished slightly ahead of the first half of 2018 despite the June result. You’ll notice in the chart above that there was a July bump in 2017 but not in 2018. Summer markets can be unpredictable, but they are generally an active time of the year as buyers continue looking for homes. We’ll see how this
May was another strong month in the Hartford County real estate markets. Single-family homes sales totaled 1,125, which is the highest monthly count that we have ever reported, narrowly beating out May 2017. On a year-to-date basis the market is about 1.7% ahead of where it was through the first five months of 2018. Breaking the year-to-date activity down by price shows that the majority of the activity gains have been realized in the middle