September Contracts: Over a Thousand

2020-10-05 Hartford County Single Family Contracts in September 2020

Hartford County topped the 1,000 deal mark during a September for the first time since we have been keeping contract statistics. We finished with 1,070 single-family contracts during the month, 34% more than September 2019. The year is now almost 15% ahead of 2019 in terms of total year-to-date deals. Since launching this series in 2009, which is 11 years and 9 months ago, we have reported months with more than 1,000 deals only 15

August Contracts: Well Above Normal

2020-09-03 Hartford County Single Family Contracts in August 2020

With 1,128 single-family contracts recorded, August 2020 was a strong month for the Hartford County real estate market. The total was about 31% higher than last August, but noticeably lower than the July 2020 total. On a year-to-date basis 2020 is trending about 12% ahead of 2019 through August. The bounce back that is visible in the contracts by month data suggests that the spring lockdown was a temporary obstacle in the market. January and

The Check is in the Mail

2020-08-25 The Check is in the Mail

The real estate industry utilizes the United States Postal Service as part of the transaction process, mostly by transporting checks. The pandemic has actually boosted our mail usage as in-person rendezvous for check hand-offs are discouraged (or banned). Buyers often mail their checks to the listing broker of properties they put under contract. This represents the earnest money deposit to hold the house, which is eventually applied to their downpayment at the closing. In Greater

July Contracts: Continued Buyer Pressure

2020-08-04 Hartford County Single Family Contracts in July 2020

Hartford County finished July with 1,272 single-family contracts signed, essentially the same level of activity as reported in June. The total was about 42% higher than the July 2019 total, putting the year-to-date contract total about 10% ahead of 2019. Buyers and sellers behaved totally differently over the past three months. Buyers came out of the lockdown determined to find a new home. They were out in force, and created very strong demand for single-family

Summer Listings

2020-07-27 Summer Weather

Summer is here. I can tell by the “Excessive Heat” warning in place due to today’s predicted 98 degree high temperature. That’s summer weather. But how does summer weather impact the real estate market? It’s time to update our chart of weekly listings to include the second half of the year. The number of Hartford County single-family listings each week is shown by the blue area in the background. As a point of comparison, the