Single-family home sales in Greater Hartford fell 7.2% in December compared to the same month a year earlier, even as prices continued to rise, according to data released Tuesday by the Greater Hartford Association of Realtors.
The region recorded 384 closed sales last month, down from 414 in December 2024. The median sales price increased 5.5% year-over-year to $406,000, up from $385,000.
Holly Callanan, CEO of the Greater Hartford Association of Realtors, attributed the price increases to limited supply typical of the winter season.
“Fewer new listings and limited inventory, which is typical for the winter season, seem to be pushing prices higher in the Greater Hartford housing market,” Callanan said.
New listings dropped 15.4% to 215 properties, while overall inventory fell 5.2% to 534 homes. Homes sold faster, averaging 22 days on the market compared to 25 days a year earlier.
The condominium market showed different trends. Condo sales increased 13.9% to 139 closed transactions in December, with the median price rising just 1% to $287,900. However, condos took longer to sell, averaging 22 days on market compared to 18 days in December 2024.
For the full year, single-family home sales declined 1.3% to 4,757 transactions, while the median price rose 5.8% to $418,000. Pending sales remained unchanged at 4,786.
The Greater Hartford Association of Realtors serves more than 5,100 members in Hartford and Litchfield counties.
