Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
Most of our ongoing analysis of the real estate market is focused on contract data. We like to track contract data because it represents an important milestone, it is more immediate than closings, and it is a strong predictor of closings. But at the end of the year it is also interesting to take a look at the closing numbers since those data points have a meaningful price associated with them. In 2012 the number
The 2012 Hartford County single-family real estate market finished the year strongly. Which really wasn’t a surprise since it had consistently shown an increase in activity throughout the year. The final count shows that the number of contracts for December was up about 10% over the previous December. This wasn’t as much market growth as we had seen in past months, but the strangeness that occurred at the end of 2011 makes the year-over-year comparisons
November contracts came in at 482 deals for the month, which shows a reasonable and normal decline as we head into the colder months and the holiday season. Comparing this November to last year is misleading. The data shows us more than 40% ahead of November 2011, which is much higher than the 25% year-over-year bump that we have been reporting in past months. But last year there was a disruption in the market than
Single-family homes in Hartford County continued to be snapped up in March. The month continued the very strong pace from January and February, with a 30% increase in the number of homes that went under contract compared to March 2011. The month was only slightly behind the tax credit fueled binge that we experienced in March of 2010. Each town is a little bit different, but the hot towns are super hot. Just look at
We had a sense that the real estate market was picking up, but numbers are even more impressive than we would have guessed. The number of single-family contracts written in Hartford County was up 50% over February of last year. The pace of deals this year is also ahead of 2010, when there was a first time home buyer tax credit. The strong January result is starting to look less like an abnormality. February continued