Greater Hartford’s housing market cooled a bit in June followed a relatively torrid May, but continued to display pentup momentum for a second straight month compared to a year ago, housing authorities say.
Pending sales of single family homes rose 14 percent last month from June a year ago, according to the Greater Hartford Association of Realtors. Pending sales reflect dwellings on which a seller holds a sale contract that has yet to formally close.
But sales that actual reached closing decreased 24 percent to 885 in June from 1,162 the same month a year ago, the Realtors said.
New house listings and inventory both increased in June.
Last month, median sales prices fell 2 percent to $240,000 from $245,000, the group said.
In May, Hartford area pending sales climbed 41 percent to 883 units from 627 in May 2010. Actual sales also slumped in May from a year earlier.
The area’s June pending sales level was down 4 percent from May, while closed sales were up 42 percent from a month earlier.
The condo market last month saw closed sales plummet 46 percent to 186 units from 343 in June 2010.
Median condo sale prices were relatively unchanged, dropping to $170,000 from $171,000.
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