Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
After the first two months of the year, the Hartford County real estate market remains on trend with the prior year. The number of single-family contracts in February was 2.7% ahead of the same month in 2017, bringing the year-to-date total to only 1.1% (15 deals) behind 2016. There is not a lot of data to work with at this point in the year, so we generally refrain from trying to draw too many conclusions.
Welcome to 2018, and another exciting year in Greater Hartford real estate. The new year began with a similar level of activity as observed during the past two years. There were 602 single-family contracts during January in Hartford County. This total was about 5% less than last year, but well ahead of the January totals for years prior to 2016. The statistic that jumps out in this report is the inventory metric showing how few
Hartford County finished 2017 with a slight increase in the number of single-family home sales compared to 2016. The total in the Connecticut MLS database as of 1/4/2018 was 8,649, or 1.6% higher than the previous year. Although there wasn’t significant growth in market activity, the deal total for the year remained close to the 2005 peak, signifying strong overall demand. Looking at the trend in pricing, the chart below shows that both the average
Hartford County finished December with 464 single-family home contracts, more than 12% fewer than December 2016. For the full year we observed 9,767 deals, a mere 17 fewer than the 2016 total. Local real estate performed well during 2017 despite the December finish. We’ll get deeper into the statistics next week by analyzing closed sales for the year. Contract data is interesting because of its immediacy, which is why we report it on a monthly
Hartford County finished November with 646 single-family home contracts, which was slightly fewer than the total from November 2016. On a year-to-date basis, the market is about 0.5% ahead of last year. Monthly deal counts followed the 2016 trends very closely for the past few months as the market began to wind down for the year. December is off to an active start, but will continue the quieting trend. There tend to be fewer home