Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
Last year we gathered up all the Hartford County residential transactions since the beginning of the CTMLS in 2000 and showed how the very high level trends had changed over 10 years. Today we update those charts with the data from 2011. As always, the CTMLS is deemed reliable but not guaranteed. Observations The total number of single-family home transactions fell again in 2011, decreasing about 8% from the 2010 total. With the latest data
December single-family contracts came in at 357 for Hartford County, which was slightly higher that the number of deals that came together in November. December is traditionally the slowest month of the year, so having it outpace any other month is a bit of a surprise. We think that the usually large snow storm, which was felt through the beginning of November, worked to push some business into the year’s final month. This December also
November is traditionally the time of year when real estate activity begins to slow. We did see a modest fall-off in deals, but it was not a big surprise, and was an average of recent results. Last year November was more in line with October than December, while in 2009 it was an even larger decrease from October than we’re seeing right now. Perhaps winter arrived a little early this year in Greater Hartford; we
There were 464 Hartford County single-family properties that went under contract during the month of October. Activity was closer to last year’s activity level than the 2009 level, which was influenced by a homebuyer tax credit deadline (Recall that buyers had to close by the end of November 2009, which meant getting their property under contract in October). The County remains on track to exceed 2010’s total number of contracts. We need to have 635
Single-family contracts totaled 532 in August, a slight decline from July’s total, though an increase over August 2010’s tally – it was a summer month with sporadic activity. Hurricane Irene passed through the County during the final week of the month, putting most of the real estate market on hold for at least three days, with some areas affected through the end of the month. We don’t know for sure how much of an impact