Hartford area house sales and prices rose in March, Realtors say.
Single-family closings hit 639 last month, up 2 percent from 627 units sold in March 2014, according to the Greater Hartford Association of Realtors. Prices rose 5 percent to $207,500 in March vs. $198,000 a year ago.
So far this year, though, house sales are flat at 1,676 units sold vs. 1,690 sold through the first three months of 2014, the association said.
March condominium sales climbed 9 percent to 164 units vs. 151 units sold the same month last year, Realtors said. However, condo prices were hard hit, plummeting 13 percent to a median $139,500 vs. $160,400 a year earlier.
Association CEO Jeff Arakelian said the data show closed sales may finally have caught up with the previously burgeoning pipeline of houses under contract but not yet closed.
