March Market Action Report

February 2015
MARKET ACTION REPORT

Stephanie Salerno
Realtor
(860) 204-1955
www.StephanieSalerno.com
Stephanie@StephanieSalerno.com
County: Hartford
Price Range: $0 to $999,999,000 | Properties: Single Family Home, Townhome, Condo
Trending Versus*:
Market Profile & Trends Overview

Median List Price of all Current Listings
Average List Price of all Current Listings
February Median Sales Price
February Average Sales Price
Total Properties Currently for Sale (Inventory)
February Number of Properties Sold
February Average Days on Market (Solds)
Asking Price per Square Foot (based on New Listings)
February Sold Price per Square Foot
February Month's Supply of Inventory
February Sale Price vs List Price Ratio
Month
$229,999
$307,096
$173,000
$204,769
4,287
438
82
$140
$118
9.8
96.0%
LM
2%
1%
-1%
-6%
4%
-12%
1%
1%
-3%
18%
0.1%
L3M PYM
-6%
-7%
7%
4%
-5%
26%
-1%
Trending Versus*:
LY
8%
5%
-5% -13%
-7% -15%
-1%
-1%
8%
17%
3%
1%
-3%
-9%
0% 37%
0% -0.8%
YTD
PriorYTD
PriorYear
$174,500
$211,300
-8%
-9%
-12%
-12%
938
81
$139
$120
9.0
96.3%
-1%
10%
2%
-5%
-2%
-0.4%
16%
1%
-7%
26%
-0.5%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date
Property Sales
February Property sales were 438, down -0.7% from 441 in February of 2014 and -12.4% lower than the 500 sales last month. February 2015 sales were at a
mid level compared to February of 2014 and 2013. February YTD sales of 938 are running -0.8% behind last year's year-to-date sales of 946.
Prices
The Median Sales Price in February was $173,000, down -4.9% from $182,000 in February of 2014 and down -1.1% from $175,000 last month. The Average
Sales Price in February was $204,769, down -7.2% from $220,744 in February of 2014 and down -5.6% from $217,021 last month. February 2015 ASP was at
the lowest level compared to February of 2014 and 2013.
2015 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 Residential Brokerage 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 3/1/2012 through 2/28/2015. Due to MLS reporting methods and allowable reporting
policy, this data is only informational and may not be completely 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.
February 2015

Stephanie Salerno
Realtor
(860) 204-1955
County: Hartford
Inventory & MSI

The Total Inventory of Properties available for sale as of February was 4,287, up 3.7% from 4,135 last month and down -0.9% from 4,327 in February of last
year. February 2015 Inventory was at a mid range compared to February of 2014 and 2013.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The February 2015 MSI of 9.8 months was at its lowest level
compared with February of 2014 and 2013.
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 a
move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for February was 82, up 1.2% from 81 days
last month and up 7.9% from 76 days in February of last year. The February 2015 DOM was at its highest level compared with February of 2014 and 2013.
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 impacted
by 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 February 2015 Selling Price per Square Foot of $118 was down -2.5% from $121 last month and down -3.3% from $122 in February of last year.
February 2015

Stephanie Salerno
Realtor
(860) 204-1955
County: Hartford
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 February 2015 Selling Price vs List Price of 96.0% was
up from 95.9% last month and down from 96.3% in February 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 annual
seasonality of the market as well as the relationship between these items. The number of New Listings in February 2015 was 861, down -26.2% from 1,166 last
month and down -10.2% from 959 in February of last year.
February 2015

Stephanie Salerno
Realtor
(860) 204-1955
County: Hartford
M 12
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
N
D J 15
F
589 642 740 871 802 869 650 689 720 627 514 422 621 669 853 924 957 1,011 783 799 693 732 505 441 588 649 778 1,006 1,028 927 812 845 622 763 500 438
657 751 804 847 774 736 686 679 620 521 519 571 714 815 911 964 917 864 758 741 643 559 511 559 672 811 937 987 922 861 760 743 628 567
Homes Sold
3 Mo. Roll Avg
(000's) M
MedianSalePrice
3 Mo. Roll Avg
12
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
N
D J 15
F
185 199 210 217 221 218 202 205 199 196 195 177 180 207 210 228 220 220 200 205 193 190 200 182 178 190 202 215 221 215 201 199 191 190 175 173
198 209 216 219 214 208 202 200 197 189 184 188 199 215 219 223 213 208 199 196 194 191 187 183 190 202 213 217 212 205 197 193 185 179
M 12
Days On Market
3 Mo. Roll Avg
D J 13
D J 14
M 12
92
A
86
M
82
87
J
73
80
J
69
75
A
76
73
S
75
73
O
73
75
N
82
77
M 12
Sale to List Price
3 Mo. Roll Avg
10
D J 13
81 85
79 83
F
70
79
M
90
82
A
81
80
M
65
79
J
61
69
J
64
63
A
59
61
S
61
61
O
67
62
N
69
66
10
D J 14
72 73
69 71
F
76
74
M
82
77
A
79
79
M
68
76
J
63
70
J
61
64
A
63
62
S
69
64
O
69
67
N
71
70
10
D J 15
76 81
72 76
F
82
80
D J 13
D J 14
D J 15
0.952 0.957 0.962 0.961 0.961 0.960 0.960 0.957 0.960 0.960 0.961 0.956 0.958 0.964 0.965 0.967 0.967 0.968 0.966 0.964 0.966 0.965 0.963 0.963 0.955 0.962 0.968 0.967 0.969 0.967 0.963 0.965 0.963 0.964 0.959 0.960
0.957 0.960 0.961 0.961 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 0.965 0.965 0.965 0.964 0.960 0.960 0.962 0.966 0.968 0.968 0.966 0.965 0.964 0.964 0.962 0.961
M 12
D J 13
D J 14
D J 15
1,543 1,504 1,546 1,323 1,303 1,276 1,170 1,141 828 604 1,139 946 1,347 1,736 1,738 1,493 1,437 1,363 1,441 1,289 915 674 1,184 959 1,470 1,890 1,970 1,723 1,668 1,404 1,512 1,306 870 668 1,166 861
5,227 5,454 5,733 5,604 5,641 5,604 5,391 5,254 4,955 4,240 4,289 4,258 4,328 4,722 5,141 5,216 5,275 5,310 5,424 5,213 4,974 4,306 4,377 4,327 4,599 5,141 5,578 5,723 5,930 5,905 5,816 5,441 4,870 4,035 4,135 4,287
589 642 740 871 802 869 650 689 720 627 514 422 621 669 853 924 957 1,011 783 799 693 732 505 441 588 649 778 1,006 1,028 927 812 845 622 763 500 438
(000's) M
Avg Sale Price

3 Mo. Roll Avg
D J 15
M 12
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
N
D J 15
F
123 129 131 139 134 132 130 130 130 129 124 121 124 129 131 136 134 134 131 130 130 127 129 122 122 128 131 136 136 134 130 129 127 125 121 118
128 133 135 135 132 131 130 130 128 125 123 125 128 132 134 135 133 132 130 129 129 126 124 124 127 132 134 135 133 131 129 127 124 121
Price per Sq Ft
3 Mo. Roll Avg
New Listings
Inventory
Sales
5,227 5,454 5,733 5,604 5,641 5,604 5,391 5,254 4,955 4,240 4,289 4,258 4,328 4,722 5,141 5,216 5,275 5,310 5,424 5,213 4,974 4,306 4,377 4,327 4,599 5,141 5,578 5,723 5,930 5,905 5,816 5,441 4,870 4,035 4,135 4,287
Inventory
MSI
12
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
N
D J 15
F
225 231 253 266 257 258 244 245 242 239 229 211 220 235 243 260 254 258 237 247 237 235 244 221 216 243 243 261 260 252 245 240 229 225 217 205
237 250 259 260 253 249 244 242 237 227 220 222 233 246 252 257 250 247 240 240 239 233 227 227 234 249 255 258 252 246 238 231 224 215
2015 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 Residential
Brokerage 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 3/1/2012 through 2/28/2015. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be
completely 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.

March Market Action Report

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March Market Action Report

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February 2015

MARKET ACTION REPORT

Market Profile & Trends Overview

MARKET ACTION REPORT

Inventory & MSI

Selling Price per Square Foot

MARKET ACTION REPORT

Selling Price vs Listing Price

Inventory / New Listings / Sales

MARKET ACTION REPORT

Avg Sale Price

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