Residential sales prices are up in Hartford, Connecticut, according to the Greater Hartford Association of Realtors (GHAR). GHAR data says the median sales price of single-family homes in Greater Hartford increased by 15 percent between April 2023 and April 2024. It was one of several indicators suggesting a healthy real estate market in Hartford.
While closed sales decreased from 414 to 398, a 6-percent drop, pending sales increased by nearly 4 percent to 484. Listings rose as well, with new listings increasing 5.4 percent, comprising 600 properties in April 2024. Buyers are capitalizing on these new opportunities, with the average number of days a house spends on the market until sale falling from 22 to 18, a nearly 20-percent improvement over May 2023. Inventory decreased by 2.3 percent.
Residential homes were not the only bright spot for Greater Hartford’s real estate market. Condominium closings jumped 13 percent, and pending sales increased 17.2 percent over May 2023. Median sales prices increased 9.4 percent to $289,950.
