Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
Thanks to a loyal reader for the request of data on additional towns. If you would like to see other towns, just comment on this blog, or send me an email offline. All info presented is from the Multiple Listing Service as of today, for single family homes only, deemed reliable, but not guaranteed… There are 75 homes available for sale in Newington and 50 under contract waiting to close. Average days on market is
It’s time once again for the town real estate market updates. First up, West Hartford. All data is pulled from the Multiple Listing Service, deemed reliable, but not guaranteed. Single Family Houses… There are 224 single family homes currently available for sale in West Hartford. If you’re a buyer in the $200K to $300K range, you have lots to choose from. The number of closings was down 22% in April of this year, compared to
The Federal Reserve Board announced a further 0.25% cut to the closely watched Federal Funds Rate yesterday, bringing the short-term interest rate down to 2.00%. More importantly, they also signaled that this would be the last rate cut for a while. As has been discussed in previous posts, mortgage rates have recently been moving in the opposite direction as the Federal Funds Rate. Mortgage rates are long-term and are very sensitive to inflation expectations. The
Yesterday the Hartford Courant published an article related to the number of single family homes for sale (housing inventory) in the Greater Hartford area. The majority of towns appear to be a buyer’s market, with more than 6 months of inventory available. But what about the number of single family home sales and the median price for the same timeframe? Here’s the data, taken from the multiple listing service (deemed reliable, but not guaranteed)… As
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