Historical and Monthly Market Indicator Report July 2018 Town Focus: East Hartford

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1 Greater Hartford Association of REALTORS 430 New Park Avenue, Suite 202 Hartford, CT P F Historical and Monthly Market Indicator Report July Town Focus: East Hartford 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.

2 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 - East Hartford Average Days on Market... 9 Closed Sales Median Sales Price Sales Price as Percent of List Price 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 or visit

3 Average Days on Market One Year Change: 64.3% Two Year Change: 25.5% One Year Change: 33.9% Two Year Change: 16.2% July Year to Date 40 Monthly Market Indicators 3

4 New Listings 1,667 1,699 1,713 12,652 11,924 11,704 2,600 2,400 2,200 2,000 1,800 1,600 1,400 1,200 1, July Year to Date One Year Change: 0.8% Two Year Change: 2.8% One Year Change: 1.8% Two Year Change: 7.5% Monthly Market Indicators 4

5 Inventory 6,882 5,492 5,284 One Year Change: 3.8% Two Year Change: 23.2% Year to Date Inventory not applicable. July 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

6 Closed Sales 1,255 1,274 1,306 6,806 6,962 6,853 July Year to Date One Year Change: 2.5% Two Year Change: 4.1% One Year Change: 1.6% Two Year Change: 0.7% 1,600 1,400 1,200 1, Monthly Market Indicators 6

7 Median Sales Price $232,750 $232,950 $249,580 $220,000 $220,000 $230,000 One Year Change: 7.1% Two Year Change: 7.2% One Year Change: 4.5% Two Year Change: 4.5% July 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

8 Sales Price as a Percent of List Price 98.0% 98.6% 99.1% One Year Change: 0.5% Two Year Change: 1.1% July 100% 99% 98% 97% 96% 95% Monthly Market Indicators 8

9 Average Days on Market July Market Area July East Hartford One Year Change: 64.3% Two Year Change: 25.5% East Hartford Market Area One Year Change: 57.9% Two Year Change: 0.0% Monthly Market Indicators 9

10 Closed Sales 1,255 1,274 1, July Market Area July East Hartford Market Area 1,500 1,300 1, One Year Change: 2.5% Two Year Change: 4.1% Market Area East Hartford One Year Change: 29.1% Two Year Change: 13.3% East Hartford Monthly Market Indicators 10

11 Median Sales Price $232,750 $232,950 $249,580 $156,330 $160,000 $165,900 July Market Area July East Hartford Market Area One Year Change: 7.1% Two Year Change: 7.2% One Year Change: 3.7% Two Year Change: 6.1% East Hartford $260,000 $250,000 $240,000 $230,000 $220,000 $210,000 $200,000 $190,000 $180,000 East Hartford Market Area $170,000 $160,000 $150,000 $140,000 $130,000 $120,000 $110,000 $100,000 $90,000 Monthly Market Indicators 11

12 Sales Price as a Percent of List Price 98.0% 98.6% 99.1% 97.7% 100.0% 100.6% One Year Change: 0.5% Two Year Change: 1.1% One Year Change: 0.6% Two Year Change: 3.0% July Market Area July East Hartford 101% 100% 99% East Hartford 98% 97% 96% 95% Market Area 94% Monthly Market Indicators 12