Area’s June condo sales, prices strong
HBJ Photo | Gregory Seay
The eight-unit Arlington Place luxury condominiums in West Hartford, pictured during construction last year.
Greater Hartford homes sales and prices fell in June, overshadowing far better performance in the area’s condominium market, Realtors say.
Single-family sales in the city and its suburbs totaled 764 units, down 2.2 percent from 781 sold in June 2018, the Greater Hartford Association of Realtors (GHAR) said Friday.
Their median sale price -- meaning half sold for more, the rest for less -- eased last month to $268,000 from $270,000 a year ago, area Realtors said.
Prospects for the remainder of the peak spring-summer sales season look dim, with GHAR reporting existing single-family inventory and new listings both down from a year ago. Condo inventory, too, is thin.
“Tightened inventory could be making an impact on home sales,” GHAR CEO Holly Callanan said.
So far this year, though, overall area home sales are 4 percent greater than the first half of 2018, to 3,079 units, GHAR said.
Condo sales rose 5.6 percent in June, to 188 units -- 10 more than a year earlier. Their median price also rose 11.3 percent, to $182,000.
Through the first half, condo sales are up 3.5 to 792 units vs. 765 sold in the first half of 2018. Their median sale price has risen 1.6 percent, to $162,500, in the same period.
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Buying a condo in Corrupticut is pure insanity.Who with any sense buys space between the walls in this age of immorality?
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