buyers outnumbered sellers, and demand outpaced supply<\/a>. There were bidding wars for nicer homes during the busier months of the year, and most sellers with a realistic asking price were able to find a buyer.<\/p>\nThis is not to say that every home in the County rose in value by 9% last year and 35% over the past 3 years. Median price is a convenient statistic to get a broad overview of the market by looking at all 8,117 sales and finding the middle price. It works well in Hartford County because there is a lot of data, there is little new construction, and we have historically not seen huge swings in the mix of houses that sell in a particular year. If you want to know how one particular home has changed in value, then you have to analyze it individually.<\/p>\n
Using median sales to gauge price changes is less effective at the municipal level. There are fewer data points, so the randomness of which specific properties sell in a particular year has more of an impact. But it’s the best metric we have for monitoring market prices. Here are the stats for each town in Hartford County.<\/p>\n
![\"2023-01-17](\"https:\/\/www.amybergquist.com\/blog\/wp-content\/uploads\/2023\/01\/2023-01-17-Hartford-County-Closed-2022-Single-Family-Sales-by-Town.png\")
<\/p>\n","protected":false},"excerpt":{"rendered":"
The imbalance between buyers and sellers in 2022 led to a 9% rise in median single-family home price in Hartford County. It was the third year in a row of sharp increases, bringing the rise in median value since 2019 up to 35%. Prices rose because buyers outnumbered sellers, and demand outpaced supply. There were bidding wars for nicer homes during the busier months of the year, and most sellers with a realistic asking price<\/p>\n
Continue Reading<\/a><\/p>\n","protected":false},"author":2,"featured_media":15042,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1568,1580,1584,1591],"tags":[2484],"class_list":["post-15041","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buying","category-housing-prices","category-market-statistics","category-selling","tag-market-stats"],"_links":{"self":[{"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/posts\/15041","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=15041"}],"version-history":[{"count":1,"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/posts\/15041\/revisions"}],"predecessor-version":[{"id":15044,"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/posts\/15041\/revisions\/15044"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/media\/15042"}],"wp:attachment":[{"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/media?parent=15041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/categories?post=15041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amybergquist.com\/blog\/wp-json\/wp\/v2\/tags?post=15041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"2023-01-17](\"https:\/\/www.amybergquist.com\/blog\/wp-content\/uploads\/2023\/01\/2023-01-17-Hartford-County-Closed-2022-Single-Family-Prices-by-Year-1024x632.png\")
<\/p>\n