The median sale price of a single-family home in Greater Hartford rose nearly 7% in March, even as sales activity and inventory declined.
The median sale price of a single-family home in Greater Hartford rose nearly 7% in March, even as sales activity and inventory declined, according to the Greater Hartford Association of REALTORS.
The median price increased to $411,500, up from $385,000 a year earlier. Closed sales fell 11% to 245 transactions, while new listings dropped nearly 17% and inventory declined about 14%.
Pending sales also slipped 2.9%, and homes took longer to sell, with the average days on market rising to 29 from 25 a year ago.
Year to date, similar trends have continued, with sales and listings down compared to 2025, while prices have increased modestly.
The condominium market showed weaker pricing, with the median sale price falling 8% to $271,000, alongside declines in sales and inventory.
Overall, the data points to continued price growth driven by limited supply, despite softer sales activity.
In the national outlook, Lawrence Yun, National Association of REALTORS chief economist said, “March home sales remained sluggish and below last year’s pace. Lower consumer confidence and softer job growth continue to hold back buyers.”
