Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
Hartford County finished April 2017 with 967 single-family contacts. The total was a 6% decrease from April 2016, putting the County about 2% behind last year on a year-to-date basis. April was a miss. It was a surprising decline in market activity from the March 2017 total. Deal counts are usually highest in April, May, and June. March is also generally an indicator as to how the spring will go. How did March get it
Hartford County finished March with 984 single-family contracts, a 2.3% increase over March of 2016. The slight outperformance brought the year-to-date contract total to within one deal of the first quarter of 2016. The market continues to be very active, with strong demand from buyers. The County-wide market is on the verge of being a seller’s market, which is traditionally defined as having less than 3 months of inventory. In general, sellers have an advantage
The West Hartford real estate market continued its strong start with 66 closed single-family sales in March. On a year-to-date basis, the 156 closed sales in the first quarter were the most since the height of the real estate boom in 2004. Growth in sales activity over the past 12 months has been broadly distributed through the Town’s many price points. Only two segments of the market showed a decrease in activity, but for very
The West Hartford real estate market performed well through the first two months of the year. The number of closed sales totaled 90, which was about 9% more than 2016’s total through February. It was strongest start to the year since 2007, which also had 90 deals in the first two months. The Transactions by Price chart shows that over the past 12 months most of the increase in sales activity was between $200,000 and
Hartford County finished February with 673 single-family contracts, which was 6.5% fewer deals than February 2016. On a year-to-date basis 2017 is 1.7% behind last year. The market continues to be very active, and quite competitive. We’re not concerned about February under-performing last year. Two important factors played into the decline. The more important factor was that the inventory of available homes was quite low. As of the March 5th, when we analyzed the data,