October Contracts: An Early Winter

2022-11-03 Hartford County Single-Family Contracts 2022-10

Noticeably low inventory levels and few new listings led to a quiet October in the Hartford County real estate market, effectively accelerating the winter slowdown by a couple months. The County finished with 658 single-family contracts, which was 30% fewer than the October 2021 total of 948. On a year-to-date basis the County was trailing last year by about 20%. Once again, the total number of contracts for the month closely followed the number of

September Contracts: Trailing Off

2022-10-03 Hartford County Single-Family Contracts 2022-09

Hartford County finished September with 706 contracts, more than 23% fewer than in September of 2021. The month brought the year-to-date totals down to about 18% behind the number of deals through three quarters in 2021. The number of September listings stepped down just as quickly as the number of contracts. Inventory remained at the 0.9 months level, which means that it is possible buyers slowed down because there were fewer new properties to consider.

August Contracts: Hot Summer

2022-09-05 Hartford County Single-Family Contracts 2022-08

Hartford County closed the summer with an uptick in the number of contract. August finished with 870 deals, a slight increase over July but still below the August 2021 total. Overall the County was over 17% behind 2021 on a year-to-date basis. Inventory levels moved downward for the first time since January. We continued to hover around one month of homes available, a strong seller’s market, and the long-term trend of fewer options at lower

June Contracts: Buyers Retreat, Sellers Advance

2022-07-03 Hartford County Single-Family Inventory 2022-06

Hartford County finished June with 869 single-family contracts. It was a 23% decline from the June 2021 total, leaving the County 18% behind 2021 through the first half. The 869 contract, when seen as a measure of buyer activity, is a meaningful retreat. June is one of the busier months in the seasonal real estate market, with contract totals often near the peak. June 2022 showed a meaningful fall-off from the May peak, and was

May Contracts: A Month in Balance

2022-06-03 Hartford County Single-Family Contracts 2022-05

During May, buyers and sellers balanced each other out in Hartford County’s long-running struggle with inventory. New deals totaled 1,007, while new listings totaled 1,035. Both were solid numbers that showed both sides were still engaged in the market. Comparing 2022 to prior years, May finished with about 13% fewer contracts than May 2021. On a year-to-date basis 2022 trailed 2021 by about 17% through the end of May. Inventory remained stable compared to last