Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
The headline trend in the Hartford County single-family real estate markets in 2014 was that there was no prevailing narrative. After a few years of uncertainty in the late 2000s following the financial crisis, the markets enjoyed a few years of obvious recovery. The results of 2014 cannot be explained in comparable terms. The simple way to explain the year is to say it was a repeat of 2013. The number of single-family deals recorded
Hartford County home sales finished 2014 with 429 single-family contracts in December, representing an 8.1% increase over December of 2013. The final month of the year is consistently the least active, and this year was no exception, but the contract count was the highest yet in the real estate market’s continuing recovery. Activity in the Hartford County single-family market was down 1.6% for the whole year compared to 2013. Monthly contract counts were more erratic
November single-family contract data showed the seasonal decline in the real estate market that almost always happens this time of year. With that said, this November outperformed last November. The number of contracts were a little over 4% higher than they were in the same month of last year. On a year-to-date basis, 2014 single-family contracts are only about 2% behind 2013 in Hartford County. The number of listings actively for sale ticked downwards as
The month of October finished with 643 single-family homes going under contract in Hartford County. The total was a slight increase from the previous month, and a slight decrease from October of 2013. The real estate markets continue to plug along without much flash or excitement. Inventory levels declined since the September report. At 6.4 months worth of homes available, the markets are very slightly into buyer’s market territory (6+ months of homes available). The
Hartford County finished September with 629 single-family contracts, matching the deal count from 2013 almost exactly for the second month in a row. We described September of 2013 as surprisingly slow when we wrote up the recap last year, and feel the same way about the month that just ended. There seemed to be very few buyers prepared to make offers despite fall traditionally being a popular time to buy homes. Inventory levels ticked downwards