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Greater Hartford Housing Prices Dropped in 2011

HARTFORD —  The median sales price of single family homes in 2011 decreased by almost 4 percent, according to the Greater Hartford Association of Realtors.

In 2011, the average cost of a home went from $230,000 to  $1. And new listings were also down 5.8 percent, or from 16,983 to 15,998. Closed sales decreased 7.7 percent, or from 7,861 to 7,255 and pending sales also dropped slightly more than 8 percent, or from 8,910 to 8,189.

Housing statistics comparisons from this December to December of last year show that new listings increased by almost nine percent, or from 676 to 736. Pending sales also increased 4.04 percent, or from 470 to 489. But closed sales dropped 11.63 percent or from 619 to 547 when compared to December of last year.

Closed sales of condominiums in Greater Hartford decreased by 17.31 percent or from 2,114 to 1,748. The median sale price alos dropped by almost 4 percent. The average days a condo spent on the market increased 13.04 percent or from 92 days at the beginning of 2011 to 104 in December.

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