![\"2021-03-03](\"https:\/\/www.amybergquist.com\/blog\/wp-content\/uploads\/2021\/03\/2021-03-03-Hartford-County-Single-Family-Contracts-in-February-2021-1024x608.png\")
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The Hartford County real estate market fell well off the 2020 pace in February. The month finished with 715 single-family contracts compared to 864 last February before the pandemic hit, a decline of over 17%. This February’s total was also only slightly higher than the January 2021 total, signaling something unusual in the market.<\/p>\n
We have seen flat month-over-month performance to begin the year in our dataset before, but the prior examples were in years where demand was low and the market was searching for a bottom. In 2021 it is the low supply of available homes solely causing the modest February deal count. Buyers are definitely out there looking for opportunities.<\/p>\n
At the County-wide level, inventory is extremely low in the price bands that make up the vast majority of deals, the $100,000 – $400,000 range. There is also very low inventory in the $400,000 – $700,000 range that represents about 15% of the market.<\/p>\n
![\"\"](\"https:\/\/www.amybergquist.com\/blog\/wp-content\/uploads\/2021\/03\/2021-03-03-Hartford-County-Single-Family-Inventory-by-Price-Band.png\")
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March will be an important month for the real estate market. It is a very popular month for new listings, which is exactly what is needed to begin bringing the supply of available homes back in line with the demand from buyers. Stay tuned – we will keep you posted on how the situation develops.<\/p>\n
![\"2021-03-03](\"https:\/\/www.amybergquist.com\/blog\/wp-content\/uploads\/2021\/03\/2021-03-03-Hartford-County-Single-Family-Contracts-in-February-2021-by-Town.png\")
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The Hartford County real estate market fell well off the 2020 pace in February. The month finished with 715 single-family contracts compared to 864 last February before the pandemic hit, a decline of over 17%. This February’s total was also only slightly higher than the January 2021 total, signaling something unusual in the market. We have seen flat month-over-month performance to begin the year in our dataset before, but the prior examples were in years<\/p>\n