East Hartford CT was a busy market for real estate sales in 2011, but not quite as active as in 2010. According to MLS data, there were 307 closed sales in 2011 compared to 343 in 2010. In addition, the median price dropped to $144,000 in 2011 from $155,000 in 2010. That's a 7.1% decrease in median price and 10.5% drop in closed sales.
Here is a look at the closed sales by month:
As was typical for many markets, East Hartford showed a surge in activity in the months before the expiration of the homebuyers' tax credits on June 30, 2010. This activity could not be matched in 2011, but from July through the end of the year, 2011 generally outpaced the same months of 2010, showing a more optimistic trend. There are plenty of bargains to be had in East Hartford, and buyers seemed to be taking advantage of that.
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