Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
Hartford County finished May of 2014 with 907 single-family contracts, a late spring spike in activity after a slow start to the year. The 907 May total is a 6% increase over the count in May of 2013. It also begins to close the year-to-date gap that had build up over the first four months of the year, leaving us only 3% behind through May. This month’s total is also the highest count for an
Hartford County registered 780 single-family contracts in April of 2014, compared to 845 during April of the previous year, a more than 7% decrease in activity. Four months into the year, the chart appears to be showing a typical seasonal distribution with simply fewer deals than in 2013. This suggests that there is nothing unusual going on in the market, it’s just slower than it was last year. As previously discussed, there has been a
I really enjoy watching a creatively placed set of dominoes fall down piece by piece. There’s a rhythm and organization to it all that is very appealing … I find it calming. Mind you, I’m not the one to set them all up, but that’s a different story. Real estate can be like knocking over dominoes. When people want to move within a town, they often will have to sell their existing home in order
The Hartford County single-family market ended the first quarter with about 5% less activity than observed in the first three months of 2013. March of this year resulted in more than 11% fewer single-family contracts than March of last year. The market has continued to feel slow as we gradually transition from winter into spring. The inventory of available homes is currently at 5.0 months, which is higher than the 4.6 months observed at this
The amount of time between the contract date and the closing varies greatly – every situation is a little different. However, after looking at all of the single-family deals that closed in Hartford County in 2013 we can see some trends. The peak of the curve is between 35 and 55 days. This is the range that we usually see with our clients. It allows the buyer enough time to secure a mortgage, and the