Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
August was another strong month for Greater Hartford real estate, with little decline in activity from July. The CTMLS shows 679 single-family deals coming together during the month, which is an increase of 27% over last year. Year-to-date the County is 24% ahead of 2011. The market is not really unstoppable, of course. It will slow down over the winter months following the traditional seasonal cycle. The question is more about when buyers and sellers
The attitudes and habits of Generation Y will determine the future of the American real estate market (and most other areas of our economy). They have different feelings and priorities when it comes to housing than previous generations. Members of Gen Y have been particularly hard hit by the choppy economic conditions that have dominated since the early 2000s. The Atlantic recently published a piece called The Cheapest Generation and the subtitle “Why Millennials aren’t
Our local MLS added two fields to denote distressed sales back in 2008. As with most new things, the fields were not immediately and uniformly adopted by the thousands of individual agents in the area. Now that they are widely used, we can begin to look at the level of distress in our local markets using the CTMLS database. At the big picture level, it appears that distressed single-family homes and condominiums sales represented about
For the first time since February, the number of single-family homes that went under contract dipped under 700 for a month. July saw 685 contracts come together providing our first evidence that the real estate market may actually take a breather over the summer. July felt surprisingly busy to us – especially the first half, which seemed like a continuation of June and the spring market. We expected the calls and emails to slow down
The magical 2012 cap on real estate contracts extended through June, with another month at virtually the same number as March, April and May. The consistency is an odd result, and forced me to rerun the analysis to make sure it’s right (which it seems to be). 732 Hartford County single-family contracts came together in the month of June, which was just over a 21% increase from June of 2011. The first half of 2012