Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
Hartford County finished March with 780 single-family contracts signed. The total was about 24% fewer the March 2021 tally, putting 2022 about 19% behind 2021 on a year-to-date basis. We’ve written at length about low inventory. A new data point illustrating inventory challenges is that listings in Q1 were down more than 13% from 2021. Listings in Q1 2021 were down 20% from 2020. Combining those two numbers, there were 31% fewer listings in Q1
Don’t miss this classic West End Victorian! Plenty of space and original architectural charm make this a great West End opportunity. The sunny enclosed porch is a quiet space to read and watch the world go by. Step inside and you’ll be wowed by the beautiful hardwood floors, original woodwork, stained glass windows, and pocket doors. The first floor plan is bright, open, and perfect for entertaining. The foyer connects the formal living room, formal
February is an unusual month for the real estate market. It has fewer days than those on either side, which actually does cause the number of contracts to plot lower than the average daily activity would otherwise indicate. The month is also at a point in the seasonal cycle at which inventory levels are often at their lowest. Buyers tend to begin looking earlier in the year than sellers tend to list their homes. Sellers
The 2021 Hartford Revaluation was delayed compared to the typical revaluation timeline. In late December we published an update on the revised schedule, and this update details the final steps. Yesterday we got an update letter from the City of Hartford Tax Assessor’s office. Every property owner in the City should have received one, as it updated the assigned revaluation 2021 market values after completing the informal challenge process with the contractor. If you had
Hartford County began the year with 611 single-family contracts during the month of January. The total was well below the counts for the prior two years, but in line with the strong markets from 2016-2019. This is the point of the real estate year where there is peak uncertainty. Inventory is traditionally at its lowest point because the prior year listings all expired (or sold) and new listings have not yet begun to come onto