Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
Most of the year we avoid looking at prices when we analyze market statistics. Considering only a month’s (or even quarter’s) worth of data is risky because the sample size is too small, while making a more sophisticated model to account for the small sample size is beyond our abilities. However we are comfortable looking at a full year of data, and now that the calendar has turned over to 2014 we can look back
The fall market that we were expecting to see, and then wrote off when it didn’t turn up, magically appeared in October. There were 678 contracts written during the month, which is a 15% increase over October of 2012 and a meaningful step up in activity from last month. Contract data at the individual town level continued to bounce around. Bloomfield and Bristol had big reversals of fortune from the September report, showing just how
While reviewing real estate transaction data, the following chart caught our attention. It shows the number of single-family home sales that have closed in Hartford County over rolling 12 month periods. Said another way, each data point is the number of total sales over the previous 12 months. Note that this chart has nothing to do with values, only transaction counts. The line in the chart bounces around in the 8,000 deals-per-year range from the
There were 766 single-family contracts written in July in Hartford County. This is an 11% increase over July in 2012, and about a 6% decrease from last month. One important point to note is that we have revised the June contract count upwards by a significant number – see the original June post here. While working on the July numbers we found a spreadsheet error that had caused 67 contracts to be omitted from the
Seven hundred and forty-nine single-family homes went under contract in Hartford County during the month of June. As the chart below shows, this was slightly ahead of last year, though a clear decline from the peak of the market in April and May. The summer market begins at different times each year. Last year the spring market momentum carried through August with only a modest fall off in monthly deal totals. This year June is