Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
February was slow. March bounced back to above the 2012 trend with 773 deals coming together. This is about 4% over the March 2012 result. Since the market continues to be very active, we still believe that February was an aberration and should not be interpreted as weakness in the single-family real estate market in Hartford County. Buyers in many towns, and at a variety of price points, are frustrated by the low number of
February was dramatic and interesting; the market statistics brought something new and different to think about and interpret. There were 489 Hartford County single-family contracts, a 13% decrease from February of 2012 and a 10% decrease from January of 2013. As the month progressed, we felt that the market had noticeably slowed from the January pace. But it’s very difficult to know how much of what we see is specific to our current set of
The 2012 Hartford County single-family real estate market finished the year strongly. Which really wasn’t a surprise since it had consistently shown an increase in activity throughout the year. The final count shows that the number of contracts for December was up about 10% over the previous December. This wasn’t as much market growth as we had seen in past months, but the strangeness that occurred at the end of 2011 makes the year-over-year comparisons
The Hartford County single-family market continued its strong 2012 performance with an October that was more than 26% ahead of October of 2011. Year-to-date, the County is about 24% ahead of last year in terms of the total number of deals. The Contracts Written by Month chart shows a gradual decline in market activity since the spring. Every year is different, with its own unique pattern, but this one seems pretty easy to interpret. Activity
Our local MLS added two fields to denote distressed sales back in 2008. As with most new things, the fields were not immediately and uniformly adopted by the thousands of individual agents in the area. Now that they are widely used, we can begin to look at the level of distress in our local markets using the CTMLS database. At the big picture level, it appears that distressed single-family homes and condominiums sales represented about