January Contracts: Like Nothing is Wrong

2021-02-03 Hartford County Single-Family Contracts in Janaury 2021

Hartford County finished the month of January with 698 single-family contracts. The total was a slight decline from January 2020, but overall a very active January market. Buyer demand for homes continued to be strong. Unfortunately, the local real estate market has a math problem. An extended period of strong demand and a modest gain new supply (593 new listings in January) has depleted the inventory of available homes. As of February 3rd, there were

Looking for 3 Bedrooms

2021-01-26 3 Bedrooms Homes in 2020

Three bedroom homes are a core part of Greater Hartford’s housing stock. They are popular with buyers, and usually the most active part of the market. The SmartMLS showed that 3 bedroom homes represented more than 53% of the deals in 2020. However, the price of a 3 bedroom home varies from town to town. The chart below shows pricing for 3 bedroom homes in the 15 Hartford County municipalities that had the most 3

New Construction in Greater Hartford

New Construction

New construction homes are rare in Greater Hartford. During 2020 the SmartMLS only reported 253 closed sales for properties that were built in 2019 or later. This translated to about 2.5% of total deals. In 2019 (without the pandemic to interfere with construction) the count was 243 closed sales for properties that were built in 2018 or later, which was about 2.8% of the deals. The reality is that new construction is not common in

56 Whitney Street, Hartford’s West End

56 Whitney Street, Hartford

There’s lots to love about this charming West End Victorian. The rounded front porch is a perfect place for your morning coffee or to chat with friends. Step inside to an open foyer and appreciate the high ceilings, hardwood floors, pocket doors, and period trim detail. The floor plan is flexible and offers two sizeable rooms for gathering and entertaining at the front of the home. You can decide how to best utilize the space

2020 Single-Family Results by Town

Porch 9155 BW 1920

I really enjoy gathering and reviewing year-end data from the Greater Hartford real estate market, probably to an unhealthy degree. There is a lot to consider this year, so I broke the analysis into multiple articles. This is Part 3 of the year-end review. The first installment focused on the number of sales, while the second installment looked at pricing. Greater Hartford is divided into many, many towns. These stats look at the 29 municipalities