The number of home sales in the Hartford, Conn. area were basically unchanged year over year in February, but the median sales price surged, Hartford Courant staffer Kennethn R. Gosselin reports.
Sales of single-family houses rose less than 1% last month when compared to February 2017, but the median sale price rose 12.6%, to $215,000, from $191,000, according to the Greater Hartford Association of Realtors.
“Overall, the greater Hartford housing market has typical numbers for this time of year with lower inventory and gradual sales,” Holly Callanan, the association’s chief executive, said. “Hopefully, this is the calm before a very busy spring market.”
Gosselin notes that the surge in median sales prices doesn’t mean that all home prices are following in lockstep. Sale prices can vary dramatically from town to town or even neighborhood to neighborhood and are driven by property condition, updates and location.
In February, 571 homes were soles in the 57-town area tracked by the association.Read More