The Bristol Press | www.BristolPress.com
16 | Saturday, July 21, 2012
Classifieds
4ĎŠłĿĹĎņ +łĚņ ƊƉ ĆŠĆˆĆ‰ĆŠ t Ĺ„Ĺ„Ĺ„ #ĿĜŀŠğĚ1ĿIJŀŀ İğĺ 4ĎŠłĿĹĎņ +łĚņ ƊƉ ĆŠĆˆĆ‰ĆŠ t Ĺ„Ĺ„Ĺ„ #ĿĜŀŠğĚ1ĿIJŀŀ İğĺ
Real Estate Notes $MPTFE 4BMFT PG 4JOHMF 'BNJMZ )PNFT JO (SFBUFS )BSUGPSE 3JTF GPS 'JęI $POTFDVUJWF .POUI $MPTFE TBMFT PG DPOEPNJOJVNT JODSFBTF QFSDFOU (West Hartford, Conn., July 18, 2012) – According to the Greater Hartford Association of REALTORSŽ (GHAR), closed sales of single family homes increased 7.80 percent (from 885 to 954) and pending sales also rose 17.43 percent (from 849 to 997) from June of last year. The median sale price dipped 2.40 percent (from $240,000 to $234,250) and inventory dropped 6.94 percent (from 7186 to 6887). New listings decreased 15.70 percent (from 1783 to 1503) and the average days a home spent on the market increased 5.56 percent (from 72 to 76), during this same one year timeframe. Short-term statistics (from May to June) show a rise in closed sales of 17.92 percent (from 809 to 954) and a slight rise in pending sales of 0.61 percent (from 991 to 997). New listings decreased 10.32 percent (from 1676 to 1503) and the median sale price increased 2.74 percent (from $228,000 to $234,250) during this same time frame. In year to date statistics, closed sales increased 14.87 percent (from 3389 to 3893) and pending sales also rose 28.92 percent (from 3908 to 5038). New listings increased 1.40 percent (from 9101 to 9228) and the median sale price decreased 3.14 percent (from $223,000 to $216,000). Closed sales of condominiums increased by 13.98 percent (from 186 to 212) over June of last year. The median sale price dropped 10.44 percent (from $170,000 to $152,250) and the average days on market dropped 6.93 percent (from 101 to 94 days). Condo inventory also decreased 6.94 percent over last year (from 1974 to 1837). “The decrease in housing inventory doesn’t appear to be slowing sales,� GHAR President and CEO, Jeff Arakelian, stated. “With the market returning, it is even more important to seek the advice of a REALTORŽ,� he continued. In the national outlook, Lawrence Yun, National Association of REALTORSŽ chief economist, said inventory shortages in certain areas have been building all year. “The normal seasonal upturn in inventory did not occur this spring,� he said. “Even with the monthly decline, home sales have moved markedly higher with 11 consecutive months of gains over the same month a year earlier.�
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