Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
Hartford County single-family contracts edged up in May to 855 deals, a 1% increase over April of this year. More impressively, the month was more that 14% more active than May of last year. The active season extended later into the spring before the deal count plateaued. Through May, the market is more than 7% ahead of the 2012 market in terms of deal count. Drilling down into the individual towns, the numbers bounce all
West Hartford has been one of the hottest real estate markets so far this year. Here are a few charts to show where it is as of the middle of the spring season. Data is for single-family homes and comes from the CTMLS, which deemed reliable but not guaranteed. The number of closed sales has at least equaled the 2012 total in every month. Overall, 19% more deals have closed this year compared to the
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
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
The Hartford County single-family market continued its strong 2012 performance with an October that was more than 26% ahead of October of 2011. Year-to-date, the County is about 24% ahead of last year in terms of the total number of deals. The Contracts Written by Month chart shows a gradual decline in market activity since the spring. Every year is different, with its own unique pattern, but this one seems pretty easy to interpret. Activity