East Hartford CT Market Report ~ April 2011
During April 2011, there were 23 closed sales, with a median price of $162,500. Compared to the previous month, which showed 27 closed sales and a median price of $149,000, the total number of sales was down slightly but the median price was up.
Of course, when we compare this April with last April, we see the same trend that we have seen across most of the towns in my market: sales are down significantly and median prices are all over the place. Last April in East Hartford, there were 48 closed sales with a median price of $172,000. With the homebuyer tax credits, many people were trying to make the deadline to receive the money so there was quite a bit of abnormal activity. It will be great (and more informative) when we can compare year over year by month and not have to deal with these fluctuations.
Here is the breakdown by price range:
| Price Range | April 2011 | April 2010 |
| Under $100,000 | 2 | 4 |
| $100,000-$149,999 | 8 | 10 |
| $149,999-$199,999 | 9 | 24 |
| $200,000-$249,999 | 4 | 9 |
| $250,000-$299,999 | - | - |
| $300,000-$349,999 | - | 1 |
| $350,000-$399,999 | - | - |
| Over $400,000 | - | - |
| Total | 23 | 48 |
Currently, there are also 32 properties under contract and 45 properties under contract. These are good numbers for East Hartford, which is a great place to find a variety of affordable homes in all price ranges. If you are looking for a home in East Hartford, there are 226 homes on the market with a median price of $159,900. Please use the form below to change your criteria so you can find your perfect home in East Hartford.
If you are thinking of selling your home in East Hartford, please remember that right now there is a 13.17 month supply of inventory (absorption rate). However, homes that are priced well and in great condition can sell much quicker than that. If you are ready to sell your home in East Hartford, please give me a call so we can discuss how your turnaround time can be quicker!
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