october hartford county market action report

MARKET ACTION REPORT

October 2014

County: HartfordStephanie SalernoRealtor(860) [email protected]

Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo

© 2014 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Residential Brokerage fully supports the principles of the Fair Housing Act and theEqual Opportunity Act. Coldwell Banker Residential Brokerage is operated by a subsidiary of NRT LLC. Coldwell Banker and the Coldwell Banker Logo are registeredservice marks owned by Coldwell Banker Real Estate LLC.

Based on information from Connecticut Multiple Listing Service, Inc. for the period 11/1/2011 through 10/31/2014. Due to MLS reporting methods and allowablereporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the dataaccuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.

Trending Versus*: Trending Versus*:Market Profile & Trends Overview Month LM L3M PYM LY YTD PriorYTD PriorYear

Median List Price of all Current Listings $239,000 2% � 9% � � � �Average List Price of all Current Listings $312,258 1% � 6% � � � �October Median Sales Price $199,500 0% -5% -3% -2% $202,000 -2% -1%October Average Sales Price $238,892 -2% -4% -3% -1% $244,468 1% 1%Total Properties Currently for Sale (Inventory) 5,311 -6% � 9% � � � �October Number of Properties Sold 818 1% � 2% � 7,534 -1% �October Average Days on Market (Solds) 68 0% 5% 2% -1% 69 2% 0%Asking Price per Square Foot (based on New Listings) $139 0% 0% -1% 1% $140 1% 1%October Sold Price per Square Foot $129 -1% -2% -2% -1% $130 -1% 0%October Month's Supply of Inventory 6.5 -7% -1% 6% 2% 7.0 9% 10%October Sale Price vs List Price Ratio 96.5% 0.2% 0% 0% -0.3% 96.8% 0.1% 0.1%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date

Property Sales October Property sales were 818, up 2.3% from 800 in October of 2013 and 1.4% higher than the 807 sales last month. October 2014 sales were at theirhighest level compared to October of 2013 and 2012. October YTD sales of 7,534 are running -0.5% behind last year's year-to-date sales of 7,574.

Prices The Median Sales Price in October was $199,500, down -2.7% from $205,000 in October of 2013 and down -0.2% from $200,000 last month. The AverageSales Price in October was $238,892, down -3.3% from $246,939 in October of 2013 and down -1.9% from $243,568 last month. October 2014 ASP was at thelowest level compared to October of 2013 and 2012.


October 2014





Inventory & MSI The Total Inventory of Properties available for sale as of October was 5,311, down -6.0% from 5,649 last month and up 8.8% from 4,881 in October of lastyear. October 2014 Inventory was at highest level compared to October of 2013 and 2012. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The October 2014 MSI of 6.5 months was at a mid rangecompared with October of 2013 and 2012.

Market Time The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate amove towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for October was 68, equal to 68 days lastmonth and up 1.5% from 67 days in October of last year. The October 2014 DOM was at a mid range compared with October of 2013 and 2012.

Selling Price per Square Foot The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impactedby the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The October 2014 Selling Price per Square Foot of $129 was down -0.8% from $130 last month and down -1.5% from $131 in October of last year.


October 2014





Selling Price vs Listing Price The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100%the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The October 2014 Selling Price vs List Price of 96.5% wasup from 96.3% last month and up from 96.4% in October of last year.

Inventory / New Listings / Sales 'This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annualseasonality of the market as well as the relationship between these items. The number of New Listings in October 2014 was 1308, down -13.5% from 1,513last month and up 1.6% from 1,288 in October of last year.


October 2014



© 2014 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Residential Brokerage fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Coldwell Banker ResidentialBrokerage is operated by a subsidiary of NRT LLC. Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC.

Based on information from Connecticut Multiple Listing Service, Inc. for the period 11/1/2011 through 10/31/2014. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not becompletely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.

N 11 D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J A S O

Homes Sold 550 522 387 392 585 640 734 872 800 871 651 693 723 631 516 423 622 670 857 929 960 1,015 782 800 692 731 505 440 586 647 780 1,001 1,028 922 807 8183 Mo. Roll Avg 486 434 455 539 653 749 802 848 774 738 689 682 623 523 520 572 716 819 915 968 919 866 758 741 643 559 510 558 671 809 936 984 919 849

(000's) N 11 D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J A S OMedianSalePrice 195 200 180 185 186 199 210 217 223 219 200 205 199 200 194 178 180 210 212 228 220 220 200 205 194 190 200 182 178 190 202 215 221 215 200 2003 Mo. Roll Avg 192 188 184 190 198 209 217 220 214 208 201 201 198 191 184 189 201 217 220 223 213 208 200 196 195 191 187 183 190 202 213 217 212 205

N 11 D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J A S OInventory 5,120 4,629 4,504 4,610 4,872 5,109 5,332 5,240 5,187 5,159 5,006 4,822 4,506 4,067 3,939 3,937 4,075 4,486 4,838 4,956 4,909 4,918 5,100 4,881 4,609 4,201 4,073 4,078 4,354 4,890 5,323 5,514 5,648 5,633 5,649 5,311

MSI 9 9 12 12 8 8 7 6 6 6 8 7 6 6 8 9 7 7 6 5 5 5 7 6 7 6 8 9 7 8 7 6 5 6 7 6

N 11 D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J A S ODays On Market 91 93 96 91 92 85 82 74 69 76 75 74 82 81 85 70 90 81 65 61 64 59 61 67 70 72 73 76 82 78 68 64 61 63 68 683 Mo. Roll Avg 93 93 93 89 86 80 75 73 73 75 77 79 83 79 82 80 79 69 63 61 61 62 66 70 72 74 77 79 76 70 64 63 64 66

N 11 D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J A S OPrice per Sq Ft 129 130 122 128 123 129 148 159 152 132 130 130 130 129 124 121 125 131 131 137 135 134 131 131 130 127 129 122 122 127 131 135 135 133 130 1293 Mo. Roll Avg 127 127 124 127 133 145 153 148 138 131 130 130 128 125 123 126 129 133 134 135 133 132 131 129 129 126 124 124 127 131 134 134 133 131

N 11 D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J A S OSale to List Price 0.952 0.950 0.946 0.948 0.952 0.958 0.962 0.960 0.961 0.960 0.960 0.957 0.960 0.960 0.961 0.956 0.958 0.964 0.964 0.967 0.967 0.967 0.966 0.964 0.967 0.965 0.963 0.963 0.955 0.963 0.968 0.967 0.969 0.967 0.963 0.965

3 Mo. Roll Avg 0.949 0.948 0.949 0.953 0.957 0.960 0.961 0.960 0.960 0.959 0.959 0.959 0.960 0.959 0.958 0.959 0.962 0.965 0.966 0.967 0.967 0.966 0.966 0.965 0.965 0.964 0.960 0.960 0.962 0.966 0.968 0.968 0.966 0.965

N 11 D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J A S O

New Listings 796 650 1,133 1,202 1,546 1,506 1,547 1,322 1,304 1,278 1,171 1,142 828 604 1,137 945 1,345 1,736 1,735 1,493 1,435 1,365 1,441 1,288 916 673 1,182 957 1,470 1,889 1,968 1,722 1,664 1,405 1,513 1,308

Inventory 5,120 4,629 4,504 4,610 4,872 5,109 5,332 5,240 5,187 5,159 5,006 4,822 4,506 4,067 3,939 3,937 4,075 4,486 4,838 4,956 4,909 4,918 5,100 4,881 4,609 4,201 4,073 4,078 4,354 4,890 5,323 5,514 5,648 5,633 5,649 5,311

Sales 550 522 387 392 585 640 734 872 800 871 651 693 723 631 516 423 622 670 857 929 960 1,015 782 800 692 731 505 440 586 647 780 1,001 1,028 922 807 818

(000's) N 11 D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A M J J A S OAvg Sale Price 235 251 219 227 226 232 275 289 301 259 244 246 242 239 229 212 220 237 244 260 254 258 237 247 237 235 244 219 215 242 243 260 260 250 244 2393 Mo. Roll Avg 235 232 224 228 244 265 288 283 268 250 244 242 237 227 220 223 234 247 253 257 250 247 240 240 239 233 226 225 233 248 254 257 251 244

october hartford county market action report

Documents