We are available for private consultations, to answer your questions about buying a home or anything else related to real estate, on a variety of video conferencing platforms. I lead with that because I’ve noticed an explosion of virtual buyer seminars advertised since video conferences became the norm. Buyer seminars happened before Zoom, of course, so it’s not like they are totally new. However, they are much more efficient to organize virtually. And the big
March contract totals gave no indication of the turmoil that Greater Hartford experienced during the month. The coronavirus pandemic arrived early in the month, closed schools beginning the week of 3/15, and resulted in a stay-at-home directive beginning the week of 3/22. Despite those unprecedented measures, the County finished the month with more signed contracts than March 2019. The cumulative contracts signed as of each day of the month showed no signs of a slowdown
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,