May Contracts: A Month in Balance

2022-06-03 Hartford County Single-Family Contracts 2022-05

During May, buyers and sellers balanced each other out in Hartford County’s long-running struggle with inventory. New deals totaled 1,007, while new listings totaled 1,035. Both were solid numbers that showed both sides were still engaged in the market. Comparing 2022 to prior years, May finished with about 13% fewer contracts than May 2021. On a year-to-date basis 2022 trailed 2021 by about 17% through the end of May. Inventory remained stable compared to last

April Contracts: Everything is Rising

2022-05-07 Hartford County Single-Family Contracts 2022-04

All Hartford County single-family metrics improved during the month of April. The number of contracts stepped upwards to 866, a strong increase over March 2022, but still about 16% behind the April 2021 total. The market finished the month about 18% behind 2021 on a year-to-date basis. New listings topped the 1,000 level for the first month since the tail end of last summer. Because contracts remained below new listings, the overall inventory of available

March Contracts: Trends Old and New

2022-04-03 Hartford County Single-Family Contracts 2022-03

Hartford County finished March with 780 single-family contracts signed. The total was about 24% fewer the March 2021 tally, putting 2022 about 19% behind 2021 on a year-to-date basis. We’ve written at length about low inventory. A new data point illustrating inventory challenges is that listings in Q1 were down more than 13% from 2021. Listings in Q1 2021 were down 20% from 2020. Combining those two numbers, there were 31% fewer listings in Q1

February Contracts: Still Waiting

2022-03-04 Hartford County Single-Family Contracts 2022-02

February is an unusual month for the real estate market. It has fewer days than those on either side, which actually does cause the number of contracts to plot lower than the average daily activity would otherwise indicate. The month is also at a point in the seasonal cycle at which inventory levels are often at their lowest. Buyers tend to begin looking earlier in the year than sellers tend to list their homes. Sellers

January Contracts: Pins and Needles

2022-02-09 Hartford County Single-Family Contracts 2022-01

Hartford County began the year with 611 single-family contracts during the month of January. The total was well below the counts for the prior two years, but in line with the strong markets from 2016-2019. This is the point of the real estate year where there is peak uncertainty. Inventory is traditionally at its lowest point because the prior year listings all expired (or sold) and new listings have not yet begun to come onto