July Contracts: Continued Buyer Pressure

2020-08-04 Hartford County Single Family Contracts in July 2020

Hartford County finished July with 1,272 single-family contracts signed, essentially the same level of activity as reported in June. The total was about 42% higher than the July 2019 total, putting the year-to-date contract total about 10% ahead of 2019. Buyers and sellers behaved totally differently over the past three months. Buyers came out of the lockdown determined to find a new home. They were out in force, and created very strong demand for single-family

Summer Listings

2020-07-27 Summer Weather

Summer is here. I can tell by the “Excessive Heat” warning in place due to today’s predicted 98 degree high temperature. That’s summer weather. But how does summer weather impact the real estate market? It’s time to update our chart of weekly listings to include the second half of the year. The number of Hartford County single-family listings each week is shown by the blue area in the background. As a point of comparison, the

June Contracts: Many Buyers, Few Sellers

2020-07-14 June Contracts

It’s almost the middle of the month, and I just realized that I never published the contract stats for June. And the data included some exciting information! June was a banner month for the Hartford County real estate market. Single-family contracts totaled 1,286, which was 34% higher than the total from June 2019. On a year-to-date basis the market is 4.7% ahead of the 2019 pace through the first 6 months despite the pandemic. The

New Listing Trends: Update

2020-06-20 Weekly Listings

Hartford County single-family owners have returned to a level of new listings that is in line with seasonal trends. Listing counts over the past three weeks have matched 2019 totals almost exactly. We have been watching the real estate market to see how it rebounds from the stay-at-home orders that interrupted the spring market. Our hope is that the spring market will shift into the summer months. There continues to be a very high level

May Contracts: Buyers are Back

2020-06-03 Buyers are Back

May contract numbers are in, and they showed that buyers have returned to the market in force. There were 1,131 single-family contracts signed in Hartford County, which was slightly higher than the May 2019 total. On a year-to-date basis the County is less than 2% behind the deal total from this point last year. The big story in the market continues to be the very low levels of inventory. Buyers do not have much to