Contracts negotiated on single-family homes this July fell from the previous month’s total as buyers took their traditional summer break. Transactions for the year continue to track the 2009 data reasonably well, though at a slightly lower activity level. Buyers have a nice opportunity in the market right now. Inventory is at a slightly elevated level, providing a good selection. Competition from other buyers is relatively low, so immediate bids are usually not needed for
Activity in the Greater Hartford real estate markets continued to build through the month of May, with a total of 687 Hartford County deals coming together in the Connecticut Multiple Listing Service. Markets are now back in line with the 2009 numbers. May’s result shows that there are still buyers on the hunt for homes. The peak of the spring market is often the month of May, so seeing the number of deals increase over
Negotiated contracts on single-family homes in March 2011 were down about 24% from the year-previous monthly tally. Wait a minute … that sounds awfully familiar. For the second month in a row the market was only three-quarters as active as last year. Does this establish a trend? Is it cause for concern? Although we may be seeing the beginning of a trend, we don’t think it’s cause for concern. In fact, this looks like a
Through the first two months of the year, buyer interest in condos has been relatively mild. The February data on contracts in Hartford County show that 26% fewer deals came together this February versus last. Overall, there is 8.6 months of supply, which by definition makes it a buyer’s market (6 months of supply is the threshold). Despite the relatively high inventory levels, the supply is not always distributed in the same manner as the
Negotiated contracts on single-family homes in February 2011 were down about 24% from the year-previous monthly tally. We thought the market felt slow, and the numbers definitely support our anecdotal evidence. Activity levels varied widely between towns. Avon came out of the month as the big winner with a sharp increase in contracts. At the other end of the spectrum, Enfield and Southington finished with less than half the market activity of last year. The