Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
Hartford County finished May with 943 single-family home deals coming together. The month was 4% more active than May of 2014, and it took over from April of this year as the most active month since we began tracking contract data in 2009. May is traditionally the peak month for contracts in the cyclical real estate market, so we expect that the sales pace will begin to slow as we enter the summer months. Not
Hartford County just completed the most active month in years, narrowly edging out May 2014. The single-family deal count represented a 17% increase over the number of deals observed last April, and on a year-to-date basis the County was about 10% ahead of 2014. Earlier in the year we noted that people seem more interested in real estate than they had in quite a while. These numbers begin to quantify the anecdotal observations. Closings, as
Hartford County finished the month of March with 726 single-family home contracts, an increase of 6.3% over March of 2014. There continues to be excitement and energy around the real estate markets. Buyers are out in force, and seem confident about bidding on homes. On a year-to-date basis, the price bands of $100,000s and the $200,000s have shown strong outperformance over the first quarter of last year. There have been 6.8% more deals for homes
The headline trend in the Hartford County single-family real estate markets in 2014 was that there was no prevailing narrative. After a few years of uncertainty in the late 2000s following the financial crisis, the markets enjoyed a few years of obvious recovery. The results of 2014 cannot be explained in comparable terms. The simple way to explain the year is to say it was a repeat of 2013. The number of single-family deals recorded
There were 696 single-family contracts in July 2014, showing a significant drop in market activity from June of this year. The total was about 9% below the contract count for July of 2013. Summer months can be hit or miss, and on the whole this was a down month for the County. Our informal view was that the market felt active in July, which probably just means that the towns and price ranges that we