Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
Here’s the latest Farmington Valley real estate market report. The data provided is for single family homes, listed in the Multiple Listing Service. The info presented here is deemed reliable, but not guaranteed… There are 142 homes available for sale in Avon and 46 under contract waiting to close. High end buyers have their choice of properties. Average days on market is 41 days. There are 135 homes available for sale in Farmington and 43
It’s time once again for the town real estate market updates. First up, West Hartford. All data is pulled from the Multiple Listing Service, deemed reliable, but not guaranteed. Single Family Houses… There are 224 single family homes currently available for sale in West Hartford. If you’re a buyer in the $200K to $300K range, you have lots to choose from. The number of closings was down 22% in April of this year, compared to
What does a house mean to you? Is it a place to raise your family? Is it a place to decorate and personalize? Is it your private oasis and sanctuary? Is it your palace for entertaining? Or is it just a roof and four walls? Lately I’ve been working with some customers that view houses as a roof and four walls. There isn’t really any emotional attachment. They don’t care about move-in condition, updated kitchens
The Federal Reserve Board announced a further 0.25% cut to the closely watched Federal Funds Rate yesterday, bringing the short-term interest rate down to 2.00%. More importantly, they also signaled that this would be the last rate cut for a while. As has been discussed in previous posts, mortgage rates have recently been moving in the opposite direction as the Federal Funds Rate. Mortgage rates are long-term and are very sensitive to inflation expectations. The
Yesterday the Hartford Courant published an article related to the number of single family homes for sale (housing inventory) in the Greater Hartford area. The majority of towns appear to be a buyer’s market, with more than 6 months of inventory available. But what about the number of single family home sales and the median price for the same timeframe? Here’s the data, taken from the multiple listing service (deemed reliable, but not guaranteed)… As