Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
January contracts were up nearly 19% over the same month last year. The market appears poised for a strong spring season, and to extend the increase in activity that we saw in 2012. Can 2013 outperform 2012 in each and every month in the same way that 2012 outperformed 2011? That would be exciting for the market, and going back to a chart from January showing that the region is about 30% below market activity
We never made any official predictions for the 2012 real estate market. I’m stunned that we didn’t do it because it’s a fun thing to think about, and after analyzing the year-end data we always have thoughts and ideas. We won’t make that mistake again this year … here are our predictions for the coming year. Amy 1. Low inventory in the early months of the year is going to result in more multiple offer
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
Our local MLS added two fields to denote distressed sales back in 2008. As with most new things, the fields were not immediately and uniformly adopted by the thousands of individual agents in the area. Now that they are widely used, we can begin to look at the level of distress in our local markets using the CTMLS database. At the big picture level, it appears that distressed single-family homes and condominiums sales represented about
Single-family contracts continued the downward trend in September, falling to 497 for the month. Through nine months of 2011, we remain on pace to finish the year slightly ahead of 2010 but behind the 2009 total. There was a lot of interest in our markets at the beginning of September; it was a noticeable increase from the end of August and much of the summer. The rest of the month seemed pretty active too, so