July Contracts: Continued Buyer Pressure

2020-08-04 Hartford County Single Family Contracts in July 2020

Hartford County finished July with 1,272 single-family contracts signed, essentially the same level of activity as reported in June. The total was about 42% higher than the July 2019 total, putting the year-to-date contract total about 10% ahead of 2019. Buyers and sellers behaved totally differently over the past three months. Buyers came out of the lockdown determined to find a new home. They were out in force, and created very strong demand for single-family

June Contracts: Many Buyers, Few Sellers

2020-07-14 June Contracts

It’s almost the middle of the month, and I just realized that I never published the contract stats for June. And the data included some exciting information! June was a banner month for the Hartford County real estate market. Single-family contracts totaled 1,286, which was 34% higher than the total from June 2019. On a year-to-date basis the market is 4.7% ahead of the 2019 pace through the first 6 months despite the pandemic. The

May Contracts: Buyers are Back

2020-06-03 Buyers are Back

May contract numbers are in, and they showed that buyers have returned to the market in force. There were 1,131 single-family contracts signed in Hartford County, which was slightly higher than the May 2019 total. On a year-to-date basis the County is less than 2% behind the deal total from this point last year. The big story in the market continues to be the very low levels of inventory. Buyers do not have much to

New Listings and the Broader Market

Weekly Listings

I’ve been tracking the number of new listings on a weekly basis to understand how the coronavirus impacted the Greater Hartford real estate market. Data about new listings is easily gathered from the MLS, and is an immediate gauge of seller sentiment. Because the market was already showing low inventory before the virus arrived, new listings seemed like it would be the obvious bottleneck in the market. The manner in which the listing data was

Looking for Normal

Looking for Normal

Week after week I analyze MLS data to try to figure out how the market is doing. The County lost ground again last week when comparing the number of new listings to the same week in 2019. Despite the underperformance, there were positive signs in last week’s data. Importantly, it was the fourth week in a row when the number of new listings increased. The weekly total was about the level of new listings in