While prices in the state have yet to fully surge, Hartford county saw a great rise in sales price in the month of January. The median (where half are above, and half below) sales price in January was $201,000 as compared to $180,000 in January of 2015.
The great news is that sales have increased over 18% January 2016 as compared to January 2015. The market has really been strong as buyers are out and inventory is shrinking.
If you have been on the fence about buying, now is the time to make it happen. Inventory is shrinking and it is creating many bidding wars and multiple offer situations.
At the same time, if you’re a seller, now is a good time to consider entering the market. Spring is here and lots of others have the idea of coming onto the market now.
If you’re looking to buy or sell, don’t hesitate to reach out to me.