March Contracts: Doppelganger

Hartford County finished March with 911 single-family properties accepting bids. The total was within 1% of the March 2018 total, and on a year-to-date basis the County is about 0.4% ahead of 2018. The first quarter was amazingly similar to last year, which bodes well for the remainder of the year. An important trend so far this spring was the decline in mortgage interest rates. Buyers were getting loans at about 4.5% at the beginning

February Contracts: Poised for Spring

The Hartford County single-family market finished February with 706 contracts, a 2.2% increase over February of last year. The year always begins with a slow ramp up of activity as new listings come onto the market, and buyers begin to think about the spring. Market data shows that the inventory of available homes is still quite low in many towns. Buyers tend to behave in one of two ways when there are not a lot

January Contracts: Getting the Year Started Right

The Hartford County single-family home market opened 2019 with 604 contracts in January. The total matched last January’s deal count almost exactly, and set the stage for another strong year in the real estate market. It is far too early to even consider looking at town-by-town trends in detail. We typically don’t even try to interpret the nuances of the market until after the majority of the spring market rush has passed. At this point

2018 Condo Sales: Steady Market

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

Strong 2018 Hartford County Single-Family Sales

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