April Contracts: Four Digits

2016-05-04 Hartford County Single Family Contracts in April 2016

With 1,031 single-family contracts, April 2016 took over as the single most active month in the Hartford County real estate market since we began tracking contract data in 2009. The County is 21% ahead of last year’s deal pace.

April was the first month in our data set in which the contract total reached four digits. June of 2015 was the previous leader, with 994 contracts. There have only been five months overall that broke into the 900s.

The step up in activity is likely to push the final number of sales into the range observed in the early 2000s. The chart below shows the number of closed single-family sales by year since the CTMLS moved online in 2001.

2016-01-06 Hartford County Single Family Sales

If 2016 is able to maintain its current pace of 20% ahead of 2015, and if contracts turn into sales at the same rate as last year, then 2016 would be projected to finish the year with about 9,240 deals.

Our best guess is that the second half of the year will be a bit less active than the first. It seems clear that 2016 will build on the number of deals in 2015, but there’s a long way to go before we’re comfortable predicting that this year will be better than the peak years of the early 2000s.

2016-05-04 Hartford County Single Family Contracts in April 2016 by Town