![\"2022-08-02](\"https:\/\/www.amybergquist.com\/blog\/wp-content\/uploads\/2022\/08\/2022-08-02-Hartford-County-Single-Family-Contracts-2022-07-1024x599.png\")
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July usually means a gradually slowing real estate market as some participants take a breath from the spring. It’s a time when many deals are closing, but there are incrementally fewer buyer looking and sellers listing as people enjoy the warmer weather.<\/p>\n
This July finished with 829 single-family contracts in Hartford County, about 17% behind the July 2021 total. On a year-to-date basis the County was about 18% behind 2021.<\/p>\n
Only one town, Windsor Locks, had more contracts through July in 2022 than in 2021. It’s at +1% with one more deal than YTD from last year – the narrowest of margins. Surprisingly, it also had the lowest inventory level of any town at 0.4 months.<\/p>\n
Mortgage rates declined slightly during the month, as the financial markets reacted to the Fed’s efforts to fight inflation and concerns about a potential recessions. Because mortgages are very long-term loans, the action of the Fed to change short-term rates is not directly related. The sharply higher short-term interest rates is currently resulting in lower long-term interest rates.<\/p>\n
Overall the local real estate market kept chugging along, with the typical seasonal slowdown.<\/p>\n
![\"2022-08-02](\"https:\/\/www.amybergquist.com\/blog\/wp-content\/uploads\/2022\/08\/2022-08-02-Hartford-County-Single-Family-Contracts-2022-07-by-Town.png\")
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July usually means a gradually slowing real estate market as some participants take a breath from the spring. It’s a time when many deals are closing, but there are incrementally fewer buyer looking and sellers listing as people enjoy the warmer weather. This July finished with 829 single-family contracts in Hartford County, about 17% behind the July 2021 total. On a year-to-date basis the County was about 18% behind 2021. Only one town, Windsor Locks,<\/p>\n