Hartford County finished the month of January with 698 single-family contracts. The total was a slight decline from January 2020, but overall a very active January market. Buyer demand for homes continued to be strong. Unfortunately, the local real estate market has a math problem. An extended period of strong demand and a modest gain new supply (593 new listings in January) has depleted the inventory of available homes. As of February 3rd, there were
Three bedroom homes are a core part of Greater Hartford’s housing stock. They are popular with buyers, and usually the most active part of the market. The SmartMLS showed that 3 bedroom homes represented more than 53% of the deals in 2020. However, the price of a 3 bedroom home varies from town to town. The chart below shows pricing for 3 bedroom homes in the 15 Hartford County municipalities that had the most 3
I really enjoy gathering and reviewing year-end data from the Greater Hartford real estate market, probably to an unhealthy degree. There is a lot to consider this year, so I broke the analysis into multiple articles. This is Part 3 of the year-end review. The first installment focused on the number of sales, while the second installment looked at pricing. Greater Hartford is divided into many, many towns. These stats look at the 29 municipalities
I really enjoy gathering and reviewing year-end data from the Greater Hartford real estate market, probably to an unhealthy degree. There is a lot to consider this year, so I broke the analysis into multiple articles. This is Part 2 of the year-end review … the first installment focused on the number of sales. The sharp increase in demand for Hartford County single-family homes during 2020, combined with a decrease in supply of available homes,
I really enjoy gathering and reviewing year-end data from the Greater Hartford real estate market, probably to an unhealthy degree. There is a lot to consider this year, so I’m going to break the analysis into multiple articles. This is Part 1 of the year-end review … let’s reminisce about 2020! Hartford County experienced a strong increase in the number of single-family real estate transactions during 2020. Our local MLS, called SmartMLS, included 9,907 closed
