Greater Hartford Association of REALTORS 430 New Park Avenue, Suite 202 Hartford, CT 06106 P 860.561.1800 F 860.561.3573 www.gharonline.com Historical and Monthly Market Indicator Report October Town Focus: Wethersfield North Canaan Salisbury Colebrook Hartland Suffield Somers Union Enfield Stafford Norfolk Woodstock Canaan Granby Thompson East Granby Winchester Barkhamsted Windsor Locks Ellington East Windsor Ashford Eastford Putnam Sharon Cornwall Simsbury Willington Pomfret Canton Goshen New Hartford Bloomfield Torrington South Windsor Vernon Killingly Chaplin Windsor Tolland Hampton Avon East Coventry Mansfield West Brooklyn Manchester Hartford Hartford Bolton Litchfield Harwinton Burlington Warren Kent Hartford Farmington Andover Wethersfield Windham Columbia Canterbury Plainfield Morris Washington Bristol Glastonbury Scotland New Newington Thomaston Plainville Britain Rocky Hebron Sterling Bethlehem Plymouth Hill Marlborough Lebanon Sprague Voluntown New Watertown Southington Berlin Cromwell Milford Wolcott Portland Franklin Lisbon Griswold East Woodbury Hampton Sherman Roxbury Colchester Waterbury Bozrah Norwich Meriden Middletown Bridgewater Middlebury Cheshire Middlefield Preston Prospect New Naugatuck Salem Fairfield Southbury East Haddam Brookfield Wallingford Durham Haddam Montville North Stonington Oxford Beacon Ledyard Falls Hamden Bethany Danbury Newtown Chester North Lyme Waterford Bethel Seymour Woodbridge Haven Killingworth Deep River East Groton Stonington Monroe North Branford Derby New Haven Old Lyme Guilford Redding Clinton Ridgefield Shelton Westbrook New Orange Branford Madison West London Ansonia Essex Lyme Easton Haven Trumbull Old Saybrook Weston Milford East Haven Wilton Stratford Fairfield Bridgeport New Canaan Stamford Westport Norwalk Greenwich Darien Report created by the Greater Hartford Association of REALTORS. Data source: Smart MLS, Inc.
Table of Contents Graph Data - to Average Days on Market... 3 New Listings... 4 Inventory... 5 Closed Sales... 6 Median Sales Price... 7 Sales Price as Percent of List Price... 8 Town Focus - Wethersfield Average Days on Market... 9 Closed Sales... 10 Median Sales Price... 11 Sales Price as Percent of List Price... 12 The Greater Hartford Association of REALTORS (GHAR) is the largest local real estate trade association in Connecticut, serving over 4000 members in the 57 town Greater Hartford real estate brokerage community. The Association provides technology, training, networking and business support to members, and supports a healthy real estate market by upholding high professional and ethical standards through a Code of Ethics, ongoing education and certification programs. As the advocate for the real estate brokerage industry, GHAR is the Voice for Real Estate in the Greater Hartford region. For more information, call 860-561-1800 or visit www.gharonline.com.
Average Days on Market 75 61 63 65 61 53 110 100 90 80 70 60 50 One Year Change: 16.0% Two Year Change: 3.3% One Year Change: 13.1% Two Year Change: 18.5% October Year to Date 40 Monthly Market Indicators 3
New Listings 1,356 1,444 1,423 17,099 16,466 16,172 2,600 2,400 2,200 2,000 1,800 1,600 1,400 1,200 1,000 800 600 October Year to Date One Year Change: 1.5% Two Year Change: 4.9% One Year Change: 1.8% Two Year Change: 5.4% Monthly Market Indicators 4
Inventory 6,223 4,893 4,878 October One Year Change: 0.3% Two Year Change: 21.6% Year to Date Inventory not applicable. 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 Inventory Closed Sales New Listings Monthly Market Indicators 5
Closed Sales 976 1,011 1,019 10,123 10,410 10,143 October Year to Date One Year Change: 0.8% Two Year Change: 4.4% One Year Change: 2.6% Two Year Change: 0.2% 1,600 1,400 1,200 1,000 800 600 400 200 0 Monthly Market Indicators 6
Median Sales Price $213,500 $219,000 $225,000 $222,500 $222,000 $230,000 One Year Change: 2.7% Two Year Change: 5.4% One Year Change: 3.6% Two Year Change: 3.4% October Year to Date $260,000 $250,000 $240,000 $230,000 $220,000 $210,000 $200,000 $190,000 $180,000 Monthly Market Indicators 7
Sales Price as a Percent of List Price 97.6% 98.3% 98.4% One Year Change: 0.1% Two Year Change: 0.8% October 100% 99% 98% 97% 96% 95% Monthly Market Indicators 8
Average Days on Market 61 75 63 49 53 87 October Market Area October Wethersfield 120 110 100 90 80 70 60 50 40 30 20 One Year Change: 16.0% Two Year Change: 3.3% Wethersfield Market Area One Year Change: 64.2% Two Year Change: 77.6% Monthly Market Indicators 9
Closed Sales 976 1,011 1,019 26 29 30 October Market Area October Wethersfield Market Area 1,500 1,300 1,100 900 700 500 300 One Year Change: 0.8% Two Year Change: 4.4% Market Area Wethersfield One Year Change: 3.4% Two Year Change: 15.4% Wethersfield 60 50 40 30 20 10 0 Monthly Market Indicators 10
Median Sales Price $213,500 $219,000 $225,000 $265,000 $249,900 $258,500 October Market Area October Wethersfield $280,000 $260,000 $240,000 $220,000 One Year Change: 2.7% Two Year Change: 5.4% Wethersfield One Year Change: 3.4% Two Year Change: 2.5% $200,000 $180,000 Market Area $160,000 Monthly Market Indicators 11
Sales Price as a Percent of List Price 97.6% 98.3% 98.4% 97.4% 99.1% 97.8% One Year Change: 0.1% Two Year Change: 0.8% One Year Change: 1.3% Two Year Change: 0.4% October Market Area October Wethersfield 100% 99% 98% Market Area 97% 96% 95% Wethersfield 94% Monthly Market Indicators 12