Hartford County began 2017 with 636 single-family homes going under contract in January. The total represented a 4% increase over the total from January 2016. The market is currently imbalanced in favor of sellers in most price bands. Because most owners target listing their properties in the “spring market,” the number of available properties does not grow quickly in January. Buyers have been eager to start their home search this year, and are currently outnumbering
The Hartford County single-family market finished 2016 at almost exactly the same activity level as the previous year. The chart above shows the fourth quarter for 2015 and 2016 nearly overlapping. The vast majority of the 9% increase in 2016’s contracts, compared to 2015’s total, occurred in the first half of the year. There was modest outperformance in August, but the second half of the year was unusually similar. We traditionally only look at pricing
November 2016 finished with 656 single-family home contracts in Hartford County. It was a 5% increase over the November 2015 total, leaving 2016 about 9.5% ahead of the the 2015 pace through eleven months. As a County that voted for Ms. Clinton by a sizable margin (58% to 31%), the election of Mr. Trump could have been disruptive to the local real estate markets. We’ve been told in the past that real estate activity slows
There were 752 single-family contracts that came together in Hartford County during October 2016. The total was virtually identical to the October 2015 deal count. Activity in the county is 10% ahead of 2015 on a year-to-date basis, though essentially all the gains were made in the first half of the year. When breaking down the year-to-date deal count by price band, the trends have evened out considerably. There were three price bands with gains
The Hartford County single-family market finished September 2016 in a virtual tie with September 2015. There were 735 contracts signed over the past month. On a year-to-date basis, 2016 is about 11% ahead of 2015. After strong outperformance through May, this year’s monthly deal totals have bounced around the previous year results. There is still a nice amount of activity, so we’re not seeing any major imbalances in the markets. The supply of available homes