East Hartford CT Market Report for December 2011
East Hartford CT finished out the year strong, with 26 closed sales and a median price of $143,500. Many people mistakenly think that real estate comes to a halt in December because of the holidays, but that was not the case in East Hartford.
Compared with December 2010, this December had a higher number of closed sales (26 this December vs. 22 last December), but the median price was down ($143,500 this December vs. $150,000 last December).
Here is the breakdown by price range:
| Price Range | December2011 | December 2010 |
| Under $100,000 | 4 | 4 |
| $100,000-$149,999 | 11 | 7 |
| $149,999-$199,999 | 8 | 9 |
| $200,000-$249,999 | 2 | 2 |
| $250,000-$299,999 | - | - |
| $300,000-$349,999 | 3 | 2 |
| $350,000-$399,999 | 1 | - |
| Over $400,000 | - | - |
| Total | 26 | 22 |
The median price was up and down throughout the year, but December's median price came very close to the median price for the entire year, which was $144,000.
Here is a recap by month for 2011:
| Month | # of Closed Sales | Median Price |
| December | 26 | $143,500 |
| November | 33 | $148,000 |
| October | 23 | $134,900 |
| September | 35 | $137,500 |
| August | 33 | $125,900 |
| July | 25 | $160,000 |
| June | 24 | $142,500 |
| May | 25 | $152,000 |
| April | 24 | $163,700 |
| March | 27 | $149,000 |
| February | 14 | $134,000 |
| January | 18 | $127,500 |
There are also 20 homes under contract and 37 under deposit. Given that there are 205 active listings in East Hartford, CT, the absorption rate is currently 10 months, which is lower than it has been in recent months.
If you are looking for a home in East Hartford, there is plenty to choose from. From a low of $9999 for a two-bedroom, one-bath, 719 sq. ft. mobile home to a high of $299,900 for a new construction colonial with three bedrooms, 2.1 baths and 1800 sq. ft., the median price is $149,900. There are many fine neighborhoods in East Hartford, with plenty of opportunities to find a great home at a great price.
To see all the homes for sale in your price range, contact me and I will be glad to help you find your next home.
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