Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
Hartford County condominiums maintained their pace of sales in 2018. The deal count increased by 2 properties from 2017 to finish with a total of 2,204 sales. The median condo sales price increased by 2% from the previous year, reaching $153,000. The positive direction was the first meaningful step upwards for the median price in a decade. One of the reasons for the long-term downward trend in the median price is that developers have sold
Hartford County finished 2018 with a closed deal count in the mid-8,000s for single-family homes for the third year in a row. Median single-family homes prices increased by 4.5% from $220,000 to $230,000. Average single-family home prices also increased, though by a smaller percentage. Breaking the number of sales down by price band, we can see that number of deals at prices below $200,000 decreased, while the number of deals in the middle price bands
December is traditionally the least active real estate month of the year, as folks take a step back to enjoy the holiday season. Although we saw the expected slowdown in number of deals, the month had respectable totals showing that many buyers and sellers had happy holidays. When looking at contracts, the month was nearly 15% ahead of last December for single-family homes in Hartford County. We finished the year with about 1.3% fewer contracts
November exhibited the typical 4th quarter decline in activity, but outperformed November of 2017 by 4%. There were 672 single-family home contracts in Greater Hartford during the month, a number that was comparable to the September 2018 result. As we approach the year end, the chart at the top has basically finalized its shape. The months of June, July, August, and September feel out of line. It’s not that we’re questioning the data, rather we’re
Just when it seemed like the real estate year was over, the month of October turned out to be surprisingly active. Hartford County recorded 812 single-family home contracts, which was more than 11% higher than October of last year. The total was also a significant jump from last month, September 2018, when the county finished with just 684 contracts. This single-month reversal is one of the largest we have seen since we began reporting on