The relative housing market boom spurred by the COVID-19 pandemic has certainly not let up in Greater Hartford.
In December, area sellers and buyers closed 747 sales of single-family homes in the region, up more than 51 percent from the 494 closings during the final month of 2019, according to the Greater Hartford Association of Realtors.
That was the largest year-over-year increase in sales volume for any month during 2020, surpassing a 44% jump tracked by GHAR for November.
Meanwhile, median sale prices in Greater Hartford rose 16.6%, from $240,000 to $279,900, which was the largest year-over-year price increase since September.
Following a nearly 22% drop-off in sale transactions last June, the region’s housing market has posted double-digit gains every month since, according to GHAR data.
For the full year 2020, compared with 2019, sales volume was up 13.7% and the median sale price rose nearly 16%, to $270,000.
“Despite the uncertainty of current events, our numbers show the dream of homeownership is alive and well in Greater Hartford,” GHAR CEO Holly Callanan said in a statement. “Near-record low interest rates and strong buyer demand is the trend for the near future, at least.”
