same level of activity as reported in June<\/a>. The total was about 42% higher than the July 2019 total, putting the year-to-date contract total about 10% ahead of 2019.<\/p>\nBuyers and sellers behaved totally differently over the past three months. Buyers came out of the lockdown determined to find a new home. They were out in force, and created very strong demand for single-family properties. Sellers were more reserved after the lockdown ended. They collectively listed their homes at roughly the pace that they had in 2019, with no evidence of a backlog of listings caused by stay-at-home orders.<\/p>\n
The net result is that through July contracts were about 10% ahead of the 2019 while listings were about 14% behind 2019. The imbalance between supply and demand pushed the inventory of available homes downward to very low levels.<\/p>\n
![\"2020-08-04](\"https:\/\/www.amybergquist.com\/blog\/wp-content\/uploads\/2020\/08\/2020-08-04-Hartford-County-Single-Family-Inventory-in-July-2020-1024x634.png\")
<\/p>\n
We’ve watched to see if sellers would take advantage of this unique opportunity to sell their home. Pricing remains strong, and quality homes are selling at a premium over the strong baseline. The numbers clearly indicate that sellers are not reacting with the same enthusiasm as buyers. <\/p>\n
In our conversations, one of the main concerns is that it is unclear where potential sellers would move to next – where would they live? This seems likely to be a common question among owners, and a main reason there have not been more listings since May. That said, there is an opportunity for owners who do have a place to live to sell their home in Greater Hartford and get a good price for it.<\/p>\n
![\"2020-08-04](\"https:\/\/www.amybergquist.com\/blog\/wp-content\/uploads\/2020\/08\/2020-08-04-Hartford-County-Single-Family-Contracts-in-July-2020-by-Town.png\")
<\/p>\n","protected":false},"excerpt":{"rendered":"
Hartford County finished July with 1,272 single-family contracts signed, essentially the same level of activity as reported in June. The total was about 42% higher than the July 2019 total, putting the year-to-date contract total about 10% ahead of 2019. Buyers and sellers behaved totally differently over the past three months. Buyers came out of the lockdown determined to find a new home. They were out in force, and created very strong demand for single-family<\/p>\n
Continue Reading<\/a><\/p>\n","protected":false},"author":2,"featured_media":14167,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1568,1571,1584,1591],"tags":[2484],"class_list":["post-14164","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buying","category-contracts","category-market-statistics","category-selling","tag-market-stats"],"_links":{"self":[{"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/posts\/14164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/comments?post=14164"}],"version-history":[{"count":3,"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/posts\/14164\/revisions"}],"predecessor-version":[{"id":14170,"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/posts\/14164\/revisions\/14170"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/media\/14167"}],"wp:attachment":[{"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/media?parent=14164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/categories?post=14164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/tags?post=14164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"2020-08-04](\"https:\/\/www.amybergquist.com\/blog\/wp-content\/uploads\/2020\/08\/2020-08-04-Hartford-County-Single-Family-Contracts-in-July-2020-1024x608.png\")
<\/p>\n