Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
The first three months of 2016 have been extremely active for the local real estate market. The number of single-family contracts that have been signed in the County is dramatically higher than we have seen in past years. There were 942 deals that came together in March, which was about 34% higher than March of last year. The County finished the first quarter 26% ahead of the first quarter of 2015. We’ve been watching the
February 2016 strongly outperformed 2015 in terms of Hartford County single-family contracts. There was a 24% jump in activity versus the prior year, putting the year-to-date tally at nearly 22% ahead of 2015. Last month we noted that the mild January weather may have played a role in the real estate market’s strong start. Cold weather arrived almost immediately after we pushed published that story, yet the lower temperatures did not discourage buyers. Pleasant weather
It’s a balmy 50 degree day as I report on the January contracts. The weather so far in 2016 has not followed traditional winter patterns. One meager snow storm so far, with about 3 inches of snow at our house. It really hasn’t been that cold either. The real estate market seems to be taking its cues from the weather. There were 611 single-family contracts in Hartford County in January, an 18% increase over last
The Hartford County single-family market finished December with 529 contracts, an increase of 23% over the 429 observed in December of 2014. For the full year there were 8.980 total contracts, which was an increase of 14% over 2014. The above chart shows that 2015 outperformed every month of 2014 except January. In general, the first quarter got off to a bit of a slow start because of the regular snow storms. The weather was
The Hartford County single-family real estate market finished November with 574 contracts. The total was 7% higher than November 2014, and was 13% ahead of 2014 on a year-to-date basis. Trends that we have discussed throughout the year continued to hold. Activity grew more strongly at the lower price points, and the inventory of available homes increased as the price point increased. The only price band that experienced fewer deals than in 2014 (on a