Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
September contract data for Hartford County single-family home sales showed a decrease in activity on both a month-over-month basis and a year-over-year basis. The final count was 620 contracts for September, which was slightly behind the 625 from September 2012. We were very surprised by how the month developed. After a flurry of activity at the end of August and the beginning of September, we were expecting a strong month and a step up in
West Hartford finished August 2013 with 84 single-family closings, up from 76 in August of 2012. Overall the town is about 12% ahead of 2012 in terms of transactions. The most active price bands are showing an increase in activity over the past 12 months. Homes priced at the upper end of the market are in line with the previous year. However, at the lower end of the market there has been a 13% decrease
Single-family contracts dropped to 694 for the month of August, which is a continued fall-off from the spring peak yet still outpacing the 2012 results. On a year-to-date basis the 2013 deal count is about 8% ahead of where we were in 2012 as of the end of August. From an agent’s point of view, the market felt quiet in August. Deals still came together, but the pace was noticeably slower than it had been
While reviewing real estate transaction data, the following chart caught our attention. It shows the number of single-family home sales that have closed in Hartford County over rolling 12 month periods. Said another way, each data point is the number of total sales over the previous 12 months. Note that this chart has nothing to do with values, only transaction counts. The line in the chart bounces around in the 8,000 deals-per-year range from the
July was an active month in the West Hartford single-family real estate market, but not quite as exciting as June. There were 86 closings in July, which was modestly above the 2012 count, and on a year-to-date basis we are about 12% ahead of 2012 in the total number of closed deals. The statistics can shift a lot over the summer months. Buyers that put properties under contract in the spring close on those deals