April 21, 2017

Hartford area March home sales soft

Stuart Miles, FreeDigitalPhotos.net
Stuart Miles, FreeDigitalPhotos.net
Greater Hartford home sales were flat in March of 2017.

Greater Hartford house sales were flat in March but their median sale price rose, Realtors say.

Single-family house sales were unchanged at 809 units last month, same as in March 2016, the Greater Hartford Association of Realtors said.

The median sale price rose 5 percent to $210,000 from $200,000 a year ago.

Condo/townhome sales last month rose 5.5 percent to 191 units vs. 181 sold in March a year ago, Realtors said. But their median sale price dipped less than 1 percent to $198,050 vs. $199,350 in March 2016.

"Falling inventory levels may finally be putting upward pressure on prices," said GHAR CEO Jeff Arakelian.

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