Expert Advice from Amy & Kyle Bergquist
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
Hartford County topped the 1,000 deal mark during a September for the first time since we have been keeping contract statistics. We finished with 1,070 single-family contracts during the month, 34% more than September 2019. The year is now almost 15% ahead of 2019 in terms of total year-to-date deals. Since launching this series in 2009, which is 11 years and 9 months ago, we have reported months with more than 1,000 deals only 15
With 1,128 single-family contracts recorded, August 2020 was a strong month for the Hartford County real estate market. The total was about 31% higher than last August, but noticeably lower than the July 2020 total. On a year-to-date basis 2020 is trending about 12% ahead of 2019 through August. The bounce back that is visible in the contracts by month data suggests that the spring lockdown was a temporary obstacle in the market. January and
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