Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
Hartford County finished June 2017 with 1,000 single-family contracts. Hitting four digits in a month is rare, a level of activity that the market only reaches during spring months of busy years. Despite reaching the 1,000 deal milestone, the month trailed the activity level of June 2016 by about 2.6%. On a year-to-date basis, 2017 trails 2016 by 0.5%. Town-by-town results (below) are often widely scattered, but June’s results seem to be exceptionally diverse. Even
May contracts rebounded sharply from the seemingly out-of-line data point reported for April. Hartford County finished the month with 1,123 single-family contracts. It was a higher total than any of the spring months in 2016, or any other month since we began tracking contracts using this methodology in 2009. The May total brought the year to date deal count to within 2 of May 2016 count. Inventory data showed that there was a modest increase
Hartford County finished April 2017 with 967 single-family contacts. The total was a 6% decrease from April 2016, putting the County about 2% behind last year on a year-to-date basis. April was a miss. It was a surprising decline in market activity from the March 2017 total. Deal counts are usually highest in April, May, and June. March is also generally an indicator as to how the spring will go. How did March get it
Hartford County finished March with 984 single-family contracts, a 2.3% increase over March of 2016. The slight outperformance brought the year-to-date contract total to within one deal of the first quarter of 2016. The market continues to be very active, with strong demand from buyers. The County-wide market is on the verge of being a seller’s market, which is traditionally defined as having less than 3 months of inventory. In general, sellers have an advantage
The West Hartford real estate market continued its strong start with 66 closed single-family sales in March. On a year-to-date basis, the 156 closed sales in the first quarter were the most since the height of the real estate boom in 2004. Growth in sales activity over the past 12 months has been broadly distributed through the Town’s many price points. Only two segments of the market showed a decrease in activity, but for very