![\"2020-07-14](\"https:\/\/www.amybergquist.com\/blog\/wp-content\/uploads\/2020\/07\/2020-07-14-June-Contracts-1024x576.png\")
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It’s almost the middle of the month, and I just realized that I never published the contract stats for June. And the data included some exciting information!<\/p>\n
June was a banner month for the Hartford County real estate market. Single-family contracts totaled 1,286, which was 34% higher than the total from June 2019. On a year-to-date basis the market is 4.7% ahead of the 2019 pace through the first 6 months despite the pandemic.<\/p>\n
![\"2020-07-03](\"https:\/\/www.amybergquist.com\/blog\/wp-content\/uploads\/2020\/07\/2020-07-03-Hartford-County-Single-Family-Contracts-in-June-2020-1024x608.png\")
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The incredible contract total occurred while the inventory of available homes was at a lower level than we have seen in years. At 1.7 months of inventory overall, the County was definitely in seller’s market territory. Spring is traditionally a time of the year when inventory increases, but in 2020 it moved in the opposite direction.<\/p>\n
![\"2020-07-03](\"https:\/\/www.amybergquist.com\/blog\/wp-content\/uploads\/2020\/07\/2020-07-03-Hartford-County-Single-Family-Inventory-in-June-2020-1024x634.png\")
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Like everyone else, we’re most interested in what comes next.<\/p>\n
We don’t think the current pace of deals can be sustained with the very low inventory levels. There are not enough homes available for buyers to consider, creating a bottleneck in the market. Based on the first two weeks of July we know for a fact that there are more buyers out there looking to move. A lot more.<\/p>\n
People who own properties in the most popular price points have an opportunity. Because this is a clear seller’s market, home owners who are on the fence about moving should think seriously about listing now. They need to have a place to go, of course, but there is an opportunity to sell for a very attractive price.<\/p>\n
Many home owners have decided to hunker down in their current home because of the pandemic. The shutdowns, and the dramatic changes to work and school environments, forced a lot of change on people in a short amount of time. There is value in staying put, because it is a known quantity, even though it might not be an ideal fit.<\/p>\n
We expect the market to slow in the coming months. Not because of a decrease in demand, but because of a continued lack of supply.<\/p>\n
![\"2020-07-03](\"https:\/\/www.amybergquist.com\/blog\/wp-content\/uploads\/2020\/07\/2020-07-03-Hartford-County-Single-Family-Contracts-in-June-2020-by-Town.png\")
<\/p>\n","protected":false},"excerpt":{"rendered":"
It’s almost the middle of the month, and I just realized that I never published the contract stats for June. And the data included some exciting information! June was a banner month for the Hartford County real estate market. Single-family contracts totaled 1,286, which was 34% higher than the total from June 2019. On a year-to-date basis the market is 4.7% ahead of the 2019 pace through the first 6 months despite the pandemic. The<\/p>\n