August Contracts: The Unstoppable Market

August was another strong month for Greater Hartford real estate, with little decline in activity from July. The CTMLS shows 679 single-family deals coming together during the month, which is an increase of 27% over last year. Year-to-date the County is 24% ahead of 2011. The market is not really unstoppable, of course. It will slow down over the winter months following the traditional seasonal cycle. The question is more about when buyers and sellers

July Contracts: Hints of Summer

For the first time since February, the number of single-family homes that went under contract dipped under 700 for a month. July saw 685 contracts come together providing our first evidence that the real estate market may actually take a breather over the summer. July felt surprisingly busy to us – especially the first half, which seemed like a continuation of June and the spring market. We expected the calls and emails to slow down

April Contracts: A Sideways Step

April single-family contracts came in at about the same level as Hartford County saw last month. Activity remains much higher than we observed in 2011, and the month-to-month count of negotiated contracts seems to be following the same pattern as last year. We’ve already commented on much of what we’re seeing in the market right now. Some towns are very active, and multiple offer situations are common. Inventory is on the low side, so buyers

March Market Stats from West Hartford

The other day we wrote about the high levels of activity in the Hartford County market during the month of March. West Hartford really stood out on the chart because 83 homes went under contract, which dwarfed the next highest town – East Hartford with 53 contracts. Part of the model we built to analyze MLS contract data allows us to look at trends in individual towns. Here is the number of West Hartford contracts

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