Hartford County finished February with 673 single-family contracts, which was 6.5% fewer deals than February 2016. On a year-to-date basis 2017 is 1.7% behind last year. The market continues to be very active, and quite competitive. We’re not concerned about February under-performing last year. Two important factors played into the decline. The more important factor was that the inventory of available homes was quite low. As of the March 5th, when we analyzed the data,
The other day I posted the County level stats for sales activity and pricing. The big picture view gives a good sense of high level trends, but doesn’t provide much insight into the markets of individual towns. The reality of Greater Hartford real estate is that each town is its own market, and there can be very different dynamics at play. Here is a summary chart showing the activity and price changes in each of
2016 was another good year for Hartford County real estate. It was the second year in a row that showed growth in the number of closed deals. The total number of single-family sales recorded in the Connecticut Multiple Listings Service (CTMLS) database was 8,515 (as of 1/6/2017). The number of closed sales increased by 10.6% over the 2015 total. As the above chart shows, the market has returned to the activity levels seen in the
The Hartford County single-family market finished 2016 at almost exactly the same activity level as the previous year. The chart above shows the fourth quarter for 2015 and 2016 nearly overlapping. The vast majority of the 9% increase in 2016’s contracts, compared to 2015’s total, occurred in the first half of the year. There was modest outperformance in August, but the second half of the year was unusually similar. We traditionally only look at pricing
Hartford County finished the month of August with 855 single-family contracts. The total was an increase over the prior month, and a return to significant outperformance over the prior year. On a year-to-date basis, 2016 is about 12% ahead of 2015 in terms of the total number of contracts signed. The August result makes the July data point look like the outlier. This year had been consistently more active than last year beginning right away