Greater Hartford's 2008 Real Estate Market Statistics

So, just how bad was the 2008 real estate market in the Greater Hartford area? The numbers are in. They’re not necessarily pretty, but they’re not as ugly as they could be either. The data below is from the CTMLS and is deemed reliable, but not guaranteed. All information is for single family home sales only… My observations… 1. The number of closed sales was down in every town but one. Newington saw a 1%

The Importance of True Days on Market

I was finalizing a market analysis today for a homeowner that is thinking about selling their home. I always look at Active properties (homes currently for sale), as well as what’s currently Under Contract and recent Closed sales to give a complete picture of the market. As I was reviewing the 12 properties I selected as comparison homes, I noticed that the recorded Days on Market (DOM) for some of the properties seemed suspiciously low.

Greater Hartford Real Estate Market Statistics- Quarter 3 2008

The wreckage from all of the bailout antics won’t show up in the real estate market statistics for a few months, but I have a feeling that the winter market is going to be starting a little early this year. How did the housing market in Greater Hartford fair in Quarter 3 of 2008? Not fantastic. Here’s the latest Single Family data pulled from the Multiple Listing Service (deemed reliable, but not guaranteed)… Observations… 1.

Greater Hartford Real Estate Market Statistics- 2nd Quarter 2008

With the end of June came just about the end of the spring real estate market. So how did we do in the Greater Hartford area when comparing single family home sales in the second quarter of 2008 to the same time period in 2007? Take a look for yourself… All data came from the Multiple Listing Service for the time period of April through June (2007 and 2008) and is deemed reliable, but not