February Contracts: Full Speed Ahead

We had a sense that the real estate market was picking up, but numbers are even more impressive than we would have guessed. The number of single-family contracts written in Hartford County was up 50% over February of last year. The pace of deals this year is also ahead of 2010, when there was a first time home buyer tax credit. The strong January result is starting to look less like an abnormality. February continued

May Contracts: A Classic Look

Activity in the Greater Hartford real estate markets continued to build through the month of May, with a total of 687 Hartford County deals coming together in the Connecticut Multiple Listing Service. Markets are now back in line with the 2009 numbers. May’s result shows that there are still buyers on the hunt for homes. The peak of the spring market is often the month of May, so seeing the number of deals increase over

April Contracts: Spring has Sprung?

Based on the number of contracts written in April, we’re having a late spring this year. April finished with slightly more deals than March 2011, and 34% fewer deals in the year-over-year comparison. Where are all the buyers? After quickly falling off the 2010 trend line, we’ve also now fallen below 2009’s activity level. Maybe it’s no longer cool to buy houses. Too bad though, there are lots of interesting homeownership opportunities. That being said,

How Often Does the Listing Agent Bring the Buyer?

The other day we were wondering, how often does the listing agent for a home also represent the buyer? This situation is called Dual Agency, and is something we’ve explored in the past. However, we never looked to see how often it happens in our area. To attack the question we looked at all the single family home sales that have closed so far this year in Hartford County. The data came from the CTMLS,

Buyers: When You Also Have a Home to Sell

It’s Buyer’s Week at the Greater Hartford Real Estate Blog. We’ve talked about the current opportunity, importance of mortgage preapproval, and trading up in a down market. Many would-be buyers already own a home … a home they have to sell in order to buy a new one. Buying a new home while also selling an existing home can be a tricky situation. The biggest question is the order in which the sale and subsequent