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

June Contracts: Many Buyers, Few Sellers

2020-07-14 June Contracts

It’s almost the middle of the month, and I just realized that I never published the contract stats for June. And the data included some exciting information! June was a banner month for the Hartford County real estate market. Single-family contracts totaled 1,286, which was 34% higher than the total from June 2019. On a year-to-date basis the market is 4.7% ahead of the 2019 pace through the first 6 months despite the pandemic. The

May Contracts: Buyers are Back

2020-06-03 Buyers are Back

May contract numbers are in, and they showed that buyers have returned to the market in force. There were 1,131 single-family contracts signed in Hartford County, which was slightly higher than the May 2019 total. On a year-to-date basis the County is less than 2% behind the deal total from this point last year. The big story in the market continues to be the very low levels of inventory. Buyers do not have much to

April Contracts: COVID Market

COVID Market

As the chart above clearly shows, the month of April did not conform to traditional spring market trends. Instead of the surging towards peak activity in April and May, the 2020 market reversed direction and recorded fewer contracts than were observed in January. For those interested in the magnitude, April lagged the same month in 2019 by about 37%. Despite the reversal, on a year-to-date basis the County is only trailing 2019 totals by 2.5%