The Hartford County real estate market fell well off the 2020 pace in February. The month finished with 715 single-family contracts compared to 864 last February before the pandemic hit, a decline of over 17%. This February’s total was also only slightly higher than the January 2021 total, signaling something unusual in the market. We have seen flat month-over-month performance to begin the year in our dataset before, but the prior examples were in years
Hartford County finished the month of January with 698 single-family contracts. The total was a slight decline from January 2020, but overall a very active January market. Buyer demand for homes continued to be strong. Unfortunately, the local real estate market has a math problem. An extended period of strong demand and a modest gain new supply (593 new listings in January) has depleted the inventory of available homes. As of February 3rd, there were
2020 was a most unusual year, both in the real world and in the real estate market. We’ll take a deeper look at what happened later this month, but for now we can confirm that December continued the trends of strong buyer activity and low inventory. Hartford County finished the year with an astonishing 17.7% more single-family contracts that in 2019. As a point of comparison, there were nearly twice as many deals in 2020
November was busy, with 839 single-family contracts in Hartford County, but is was much less busy that the previous six months. I’m most interested in exploring why November dropped off so much from October. We had a big election in November. Did you know that? Well, we did. And it’s possible that everything surrounding the election caused people to take a step back to understand the outcome. Most of us have had a good handle
Who says that the market cannot have a fall bounce even though the late summer was extremely busy? Hartford County finished October with 1,133 contracts, which was a modest uptick from the September 2020 total and a huge 45% increase over October 2019. To put this result in context, the previous busiest October was 812 contracts in 2018. And not counting 2020, the previous all time busiest month was 1,125 in May 2019. Last month
