Closed sales of single-family homes in Greater Hartford rose 11.2% in October compared to the same month last year, according to data released Thursday by the Greater Hartford Association of Realtors.
The region recorded 457 closed sales last month, up from 411 in October 2024. The median sales price increased 11.9% year-over-year, climbing from $385,000 to $431,000.
Homes continued to sell quickly, averaging 20 days on the market — unchanged from October 2024.
“The Greater Hartford housing market is still competitive, with sales and prices rising by double digits,” said Holly Callanan, CEO of the association.
Pending sales dipped slightly to 442 last month, down from 449 in October 2024. Inventory grew modestly to 797 homes from 789, while new listings increased to 546 from 538.
The condominium market showed even stronger growth, with closed sales jumping 20.3% to 148 units from 123 a year earlier. The median condo price rose 8.4% to $290,000 from $267,500.
For the year through October, single-family home sales in Greater Hartford increased just 0.4% to 4,004 compared to the same period in 2024. The year-to-date median price rose 5% to $420,000.
Lawrence Yun, chief economist for the National Association of Realtors, said inventory nationwide is at a five-year high, though still below pre-pandemic levels.
“Many homeowners are financially comfortable, resulting in very few distressed properties and forced sales,” Yun said. “Home prices continue to rise in most parts of the country, further contributing to overall household wealth.”
