January 18, 2018

Hartford region's '17 home, condo sales rise

Stuart Miles | FreeDigitalPhotos.net
Stuart Miles | FreeDigitalPhotos.net

The Hartford region's home and condos sales rose in 2017, but median prices held flat, Realtors say.

Single-family sales for all 12 months of 2017 rose 2.8 percent to 12,303 units vs. 11,971 units sold in 2016, the Greater Hartford Association of Realtors said Thursday.

Median price for those units last year was $221,000 vs. $220,000 the previous year, GHAR said.

In December, sales of single-family dwellings fell 3.4 percent, to 913 units from 945 units sold the final month of 2016, the association said. Their median sale price rose last month, to $219,000 vs. $215,000 in Dec. 2016.

In the condo market, sales rose 5.9 percent to 2,799 units sold in 2017 vs. 2,642 sold in 2016. Median price dropped year over year was unchanged at $145,000.

Condos also ended the year with strong sales, up 9.1 percent to 239 units sold vs. 219 in Dec. 2016, GHAR said. But median price dropped 3.8 percent to $144,250 last month vs. $149,900 a year earlier.

Condominium sales increased 9.13 percent (from 219 to 239) over December of last year. The median sale price decreased 3.77 percent (from $149,900 to $144,250) and the average days a condo spent on the market increased 12.66 percent (from 79 to 89 days). Condo inventory dropped 35.79 percent (from 1316 to 845), during this same timeframe.

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