GHAR reports hike in home sales

HARTFORD — The median sale price of single family homes in greater Hartford rose 7.10 percent (from $210,000 to $224,900) over March of 2017, according to the Greater Hartford Association of REALTORS® (GHAR). Closed sales increased 1.98 percent (from 809 to 825) and new listings decreased 3.91 percent (from 1689 to 1623). During this same yearover-year timeframe, inventory dropped 21.49 percent (from 5148 to 4505) and the average number of days on market increased 25.00 percent (from 72 to 90 days).

In year-to-date statistics, closed sales decreased 5.63 percent (from 2186 to 2063) and the median sale price increased 8.56 percent (from $198,050 to $215,000). New listings decreased 2.58 percent (from 4101 to 3995) and the average days on market increased 24.66 percent (from 73 to 91 days) from the beginning of the year.

Condominium closed sales decreased 2.09 percent (from 191 to 187) over March of last year. The median sale price increased 0.75 percent (from $134,000 to $135,000) and the average days a condo spent on the market increased 22.78 percent (from 79 to 97 days). Condo inventory decreased 18.84 percent (from 1295 to 1051), over March of 2017.

In year-to-date statistics, condominium closed sales decreased 4.77 percent (from 524 to 499) and the median sale price rose 3.01 percent (from $133,000 to $137,000. The average days a condo spent on the market from the beginning of the year increased 11.90 percent (from 84 days to 94).

Contributed photo Sue and Amanda Popplewell.