July was the first month of 2016 in which the number of Hartford County single-family contracts did not exceed the total for the corresponding month in 2015. There were 846 deals in the CTMLS, which was about 3% below last year’s total. Despite the July result, on a year-to-date basis 2016 is nearly 13% ahead of 2015’s sales pace.
Summer apparently came early to the local real estate markets this year, and that’s just fine since it’s been a very strong year so far. We’ll be able to begin interpreting the July result as more data comes in this fall.