Hartford region house and condo sales climbed again in May, with the pipeline of dwellings under contract but not yet closed continuing to show momentum, Realtors say. Prices flattened.
Single-family house sales rose 4.3 percent last month to 872 units from 836 in May 2014, according to the Greater Hartford Association of Realtors.
Pending sales also grew last month by 7.8 percent, to 1,309 units with an offer sheet but not yet sold vs. 1,214 a year earlier, the association said Wednesday. Pending sales, an indicator of a housing market’s relative strength at a point in time, typically show up as closed sales later on.
The median sale price eased to $218,000 from $216,600 a year ago. Average days on the market lengthened nearly a week, to 80 days in May from 75 in May 2014.
Condo sales rose 5.4 percent to 234 units last month vs. 222 a year ago, Realtors said.
The median sale price fell to $155,000 from $156,500. The average days on the market unsold shortened by more than week, to 76 days vs. 84 days last year.
