The median sales price of a single-family home in Greater Hartford increased 7.7% in November from a year earlier, even as overall sales declined, according to data released by the Greater Hartford Association of Realtors.
The median price rose to $405,000, while closed sales fell 14.3% to 359 transactions. Pending sales were essentially flat at 374.
Housing inventory edged up to 706 listings, and new listings slipped to 359. The average time a home spent on the market remained unchanged at 20 days.
Through the first 11 months of the year, single-family home sales were down 0.9% compared with the same period in 2024, while the median price climbed 6.3% to $420,000. New listings increased slightly, and days on market declined to 19.
The condominium market showed sharper weakness. Closed condo sales in November fell 27.8% from a year earlier, while pending sales dropped 16.9%. The median condo price rose modestly to $280,000. Inventory expanded to 221 units, and the average days on market increased to 18.
Condominium sales weakened in Greater Hartford in November. Closed sales fell 27.8% from a year earlier, dropping from 126 to 91 transactions. Pending sales declined 16.9% to 108, while the median sales price edged up 1.2% to $280,000.
Inventory increased 15.7% to 221 units, and new listings rose 11% to 121. The average time a condominium spent on the market climbed to 18 days, up from 14 a year earlier.
Rising prices, steady days on market and a modest increase in pending sales suggest buyer demand remains stable in the Greater Hartford housing market, said Holly Callanan, CEO of the Greater Hartford Association of Realtors.
On the national level, Lawrence Yun, chief economist for the National Association of Realtors, said first-time homebuyers continue to face challenges in the Northeast due to limited supply and in the West because of high prices. He said conditions have been more favorable in the Midwest, where housing is more affordable, and in the South, where inventory is more plentiful.
