Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
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
April single-family contracts came in at about the same level as Hartford County saw last month. Activity remains much higher than we observed in 2011, and the month-to-month count of negotiated contracts seems to be following the same pattern as last year. We’ve already commented on much of what we’re seeing in the market right now. Some towns are very active, and multiple offer situations are common. Inventory is on the low side, so buyers
The other day we wrote about the high levels of activity in the Hartford County market during the month of March. West Hartford really stood out on the chart because 83 homes went under contract, which dwarfed the next highest town – East Hartford with 53 contracts. Part of the model we built to analyze MLS contract data allows us to look at trends in individual towns. Here is the number of West Hartford contracts
The number of single-family homes that went under contract in January 2012 jumped 14% over January of last year. The total of 458 deals that came together signals that the local real estate markets are off and running for 2012. We have heard a number of theories as to why buyers are active so early in the year. One is that the lack of snow has everyone acting like it’s spring. Another line of thinking
Contracts negotiated on single-family homes this July fell from the previous month’s total as buyers took their traditional summer break. Transactions for the year continue to track the 2009 data reasonably well, though at a slightly lower activity level. Buyers have a nice opportunity in the market right now. Inventory is at a slightly elevated level, providing a good selection. Competition from other buyers is relatively low, so immediate bids are usually not needed for