2013 Year End Data Review

2014-01-09 Hartford County Single-Family Transaction 2013

Most of the year we avoid looking at prices when we analyze market statistics. Considering only a month’s (or even quarter’s) worth of data is risky because the sample size is too small, while making a more sophisticated model to account for the small sample size is beyond our abilities. However we are comfortable looking at a full year of data, and now that the calendar has turned over to 2014 we can look back

May Contracts: Extending Spring

Hartford County Single Family Contracts in May 2013

Hartford County single-family contracts edged up in May to 855 deals, a 1% increase over April of this year. More impressively, the month was more that 14% more active than May of last year. The active season extended later into the spring before the deal count plateaued. Through May, the market is more than 7% ahead of the 2012 market in terms of deal count. Drilling down into the individual towns, the numbers bounce all

91 Crown Ridge, Newington

This move-in ready townhouse at Crown Ridge is convenient to shopping, restaurants and highway access, while still privately located. You’ll enter the condo at ground level into a tiled foyer with coat closet. The attached 1-car garage connects to this space, as well as a large unfinished area, perfect for storage. Upstairs is the main living area. A formal living room has a wood burning fireplace and French doors out to a deck. The living

February Contracts: Yawn

February was dramatic and interesting; the market statistics brought something new and different to think about and interpret. There were 489 Hartford County single-family contracts, a 13% decrease from February of 2012 and a 10% decrease from January of 2013. As the month progressed, we felt that the market had noticeably slowed from the January pace. But it’s very difficult to know how much of what we see is specific to our current set of

January Contracts: Strong, Very Strong

January contracts were up nearly 19% over the same month last year. The market appears poised for a strong spring season, and to extend the increase in activity that we saw in 2012. Can 2013 outperform 2012 in each and every month in the same way that 2012 outperformed 2011? That would be exciting for the market, and going back to a chart from January showing that the region is about 30% below market activity