Hartford area home sales plummeted in September, while the median price rose slightly, Realtors say.
There were 885 single-family home sales last month, down almost 20 percent from the 1,106 sold in Sept. 2017, the Greater Hartford Association of Realtors (GHAR) said Tuesday.
Median price for those sold rose 3.1 percent to $228,000 from $221,000 in the year-ago period, GHAR said. New listings for the month dropped to 1,498, down 4.65 percent vs. 1,571 a year ago.
The region’s condominium sales were down 2 percent to 251 in September, and sale prices also dropped 7 percent to $139,000 compared to $149,540 in 2017.
For the year, area home sales are down 3 percent, to 9,109 and median sales prices are up almost 4 percent to $231,850.
“A slowdown in sales is typical for this time of year,” GHAR CEO Holly Callanan said. “Until inventory increases, giving buyers options, sales may remain slower as winter approaches.”
