Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
Hartford County finished 2017 with a slight increase in the number of single-family home sales compared to 2016. The total in the Connecticut MLS database as of 1/4/2018 was 8,649, or 1.6% higher than the previous year. Although there wasn’t significant growth in market activity, the deal total for the year remained close to the 2005 peak, signifying strong overall demand. Looking at the trend in pricing, the chart below shows that both the average
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Hartford County finished December with 464 single-family home contracts, more than 12% fewer than December 2016. For the full year we observed 9,767 deals, a mere 17 fewer than the 2016 total. Local real estate performed well during 2017 despite the December finish. We’ll get deeper into the statistics next week by analyzing closed sales for the year. Contract data is interesting because of its immediacy, which is why we report it on a monthly
Hartford County finished November with 646 single-family home contracts, which was slightly fewer than the total from November 2016. On a year-to-date basis, the market is about 0.5% ahead of last year. Monthly deal counts followed the 2016 trends very closely for the past few months as the market began to wind down for the year. December is off to an active start, but will continue the quieting trend. There tend to be fewer home
Hartford County had 727 single-family homes deals come together during the month of October. The total was about 3% fewer than October 2016, though on a year-to-date basis the market is very slightly ahead of 2016. Discussion of the State budget situation was unavoidable during October. It was regularly a leading news story, and was not fully resolved until the Governor signed a budget on Halloween. Budget talk seemed to come up all the time,