February has one additional day in a leap year. It’s something to keep in mind when comparing stats to prior Februaries. That one extra day could make a difference since it gave agents 3.57% more time (1/28) to put together deals this February versus last year. As the chart above shows, this February’s performance overwhelmed last February’s performance. There was a 22% increase in the number of deals, which extended the results observed in January.
2020 began with an amazingly active January real estate market. We observed 733 single-family contracts for the month, which is 21% higher than the total from January 2019. We’ve been reporting on contract data monthly, using the same methodology, since 2009. This month’s deal count was the highest we’ve ever seen in any January, or February, or December, or November. Looks like we’re skipping the winter market this year. We also see from the data
Hartford County finished 2019 with a single-family sales count in the mid-8,000s for the fourth year in a row. Data from SmartMLS shows that this was a similar activity level to the very early 2000s. A key difference from the early 2000s is that the extended period of strong sales activity has not resulted in nearly the same amount of price appreciation. The County’s median sales price increased by nearly 9% between 2015 and 2019,
The 2019 real estate market finished with a strong December, and with 3% more contracts overall than 2018. The full year total was the highest we have recorded (since 2009), though within a few percent of the final tally from each of 2016-2019. Price band data suggested increasing home values at price points below $300,000. Evidence included a year-over-year 17% decline in the number of contracts for properties asking less than $100,000, no change to
Strong November sales activity extended 2019’s year-to-date lead in contracts signed to about 3% ahead of 2018 totals. There were 699 single-family deals negotiated during the month, which was 4% higher than last November, and continued the consistent 2019 performance visible in the chart above. The number of active listings fell significantly since the last report. There are currently 2,296 properties available for buyers to consider, about 300 (11%) fewer than last year at this