Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
West Hartford has been one of the hottest real estate markets so far this year. Here are a few charts to show where it is as of the middle of the spring season. Data is for single-family homes and comes from the CTMLS, which deemed reliable but not guaranteed. The number of closed sales has at least equaled the 2012 total in every month. Overall, 19% more deals have closed this year compared to the
The Hartford County single-family housing market continued its strong spring. Overall, buyers and sellers agreed to 845 deals during the month, which is nearly 15% higher than April of 2012. The year-to-date number of contracts is more than 5% ahead of where it was at this point last year. Strong April performance helps support our view that the February result was an aberration. Both March and April finished with higher contract totals than any individual
February was slow. March bounced back to above the 2012 trend with 773 deals coming together. This is about 4% over the March 2012 result. Since the market continues to be very active, we still believe that February was an aberration and should not be interpreted as weakness in the single-family real estate market in Hartford County. Buyers in many towns, and at a variety of price points, are frustrated by the low number of
February was dramatic and interesting; the market statistics brought something new and different to think about and interpret. There were 489 Hartford County single-family contracts, a 13% decrease from February of 2012 and a 10% decrease from January of 2013. As the month progressed, we felt that the market had noticeably slowed from the January pace. But it’s very difficult to know how much of what we see is specific to our current set of
January contracts were up nearly 19% over the same month last year. The market appears poised for a strong spring season, and to extend the increase in activity that we saw in 2012. Can 2013 outperform 2012 in each and every month in the same way that 2012 outperformed 2011? That would be exciting for the market, and going back to a chart from January showing that the region is about 30% below market activity