I recently received a few off-line comments about my recent post regarding real estate inventory levels in the Greater Hartford area. Remember, real estate inventory for a specific town is calculated by taking the current number of homes on the market in that town and dividing it by the number of closings during the previous month in that town, or some derivation thereof. In my calculation, I used February of 2008 to get the resulting
We had an office meeting today and several agents in my office were commenting on how slow the market has been recently. I’ve noticed that the activity in the MLS has slowed in the towns that I typically monitor. So, this afternoon I decided to run some searches in the MLS to see how real estate markets in the Greater Hartford area are fairing. First, how is the current inventory level of homes calculated? The
Loyal readers and lurkers, I have a new listing that I’d like to tell you about. It’s located at 782 Asylum Avenue in Hartford’s Asylum Hill neighborhood. If you know anyone that’s looking for a nice condo near Downtown, please tell them about it. I’ll be having an Open House this Sunday, March 2 from 1:00-3:00. Feel free to stop by and learn more about it. It’s a 2 bedroom, 1.5 bath townhouse style, listed
The development of downtown Hartford is always of interest to me because I work with clients that contemplate living in the city versus the ‘burbs. Today, the Courant provided some insight on the build-out of the grocery store in the Hartford 21 building on Trumbull Street. Soon, I will finally have a better answer to, “Where is the nearest grocery store?†when asked by a customer. At this point I tell them 3 options, Wethersfield,