Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
Single-family contracts continued the downward trend in September, falling to 497 for the month. Through nine months of 2011, we remain on pace to finish the year slightly ahead of 2010 but behind the 2009 total. There was a lot of interest in our markets at the beginning of September; it was a noticeable increase from the end of August and much of the summer. The rest of the month seemed pretty active too, so
The Hartford County Condo market has fallen out of sync with the traditional seasonality, creating a good opportunity for buyers with lots to choose from and a more favorable pricing environment to go along with very attractive mortgage rates. The data shows a 13% decrease in the total number of contracts from the second quarter of 2010. However, looking more closely at the individual months, we can see that 2011 showed very steady performance –
June activity in the Hartford County single family market fell slightly from May of this year, but remained much stronger than June of last year. This year’s data shows that May will most likely be the peak of the 2011 spring market. Buyers continued to be out in force through June, though the number of deals has begun to trail off. Our next data milestone will be to see how activity holds up through the
Based on the number of contracts written in April, we’re having a late spring this year. April finished with slightly more deals than March 2011, and 34% fewer deals in the year-over-year comparison. Where are all the buyers? After quickly falling off the 2010 trend line, we’ve also now fallen below 2009’s activity level. Maybe it’s no longer cool to buy houses. Too bad though, there are lots of interesting homeownership opportunities. That being said,
My crystal ball says that closings in March are going to trail last year by a wide margin. Look for an article citing GHAR’s March stats to appear in the mainstream media early April, and then another one based on the Warren Group’s figures in May. Both will show a decrease in activity. April closings will trail last year by an even larger margin than March! But most people won’t hear about that until the