Homes For Sale

The housing market in Greater Hartford showed few signs of a rebound in 2011, according to a new report Friday, as house sales and prices fell below the previous year when buying and selling was boosted by a homebuyer’s tax credit.

The median sale price of a single-family house in 2011 dipped 3.7 percent to $221,500 from $230,000 the previous year, the Greater Hartford Association of Realtors reported Friday, for the 57-town area where it tracks housing trends.

Closed sales slid nearly 8 percent in 2011 to 7,255 from 7,861, the previous year. Houses under contract an indication of future sales also dropped by 8 percent in the same period.

Hopes that the home buyer tax credit in 2010 would spur lasting momentum in the housing market did not materialize.

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Were certainly not out of the woods, but there is a lot of good news to report after the 3rd quarter of 2011.  Last year, we saw a summer driven by sales of distressed homes (short sales and foreclosures ) which really depressed the average and median prices.

This year, only 1 of these homes was a Foreclosure/ REO and 7 of the homes actually sold above $500,000.

The average home price for a home in Leavenworth in the third quarter of 2011 was up to $391,000 and the median price was $360,000.  Compared to last years horrible numbers this is incredible. A

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