March Contracts: A Fevered Pace

2021-04-02 Hartford County Single-Family Contracts in March 2021

Hartford County finished March with 1,029 single-family home contracts signed. The total was a dramatic improvement over the February 2021 total, and a 10% increase over the pandemic-influenced March 2020 total. The first quarter of the year ended about 3.5% behind the record-setting pace of 2020. In positive news, more homes were listed for sale in March than were in the prior months. The seasonal trends in the real estate market seemed to play out

February Contracts: Slim Pickings

The Hartford County real estate market fell well off the 2020 pace in February. The month finished with 715 single-family contracts compared to 864 last February before the pandemic hit, a decline of over 17%. This February’s total was also only slightly higher than the January 2021 total, signaling something unusual in the market. We have seen flat month-over-month performance to begin the year in our dataset before, but the prior examples were in years

January Contracts: Like Nothing is Wrong

2021-02-03 Hartford County Single-Family Contracts in Janaury 2021

Hartford County finished the month of January with 698 single-family contracts. The total was a slight decline from January 2020, but overall a very active January market. Buyer demand for homes continued to be strong. Unfortunately, the local real estate market has a math problem. An extended period of strong demand and a modest gain new supply (593 new listings in January) has depleted the inventory of available homes. As of February 3rd, there were

December Contracts: What a Year!

2021-01-07 Hartford County Single Family Contracts in December 2020

2020 was a most unusual year, both in the real world and in the real estate market. We’ll take a deeper look at what happened later this month, but for now we can confirm that December continued the trends of strong buyer activity and low inventory. Hartford County finished the year with an astonishing 17.7% more single-family contracts that in 2019. As a point of comparison, there were nearly twice as many deals in 2020

November Contracts: Slowing Down

2020-12-02 November Contracts

November was busy, with 839 single-family contracts in Hartford County, but is was much less busy that the previous six months. I’m most interested in exploring why November dropped off so much from October. We had a big election in November. Did you know that? Well, we did. And it’s possible that everything surrounding the election caused people to take a step back to understand the outcome. Most of us have had a good handle