Hartford-West Hartford-East Hartford, CT

With a pending ratio of 1.16, the market exhibits strong inventory pressure, leading to a rapid absorption pace. This dynamic suggests that properties are being committed to contract at a rate significantly higher than new supply enters the market. Such conditions typically necessitate price discipline from prospective purchasers to secure properties.

The average listing price, at $625,361, is notably higher than the median listing price of $459,950, suggesting a significant spread. However, the average price experienced a modest 0.9% year-over-year growth, which is slower than the 2.4% year-over-year increase in median listing price, and $/sqft growth in the aggregate is positive. No distinct luxury-segment signal in this dataset.

1,304 active listings represent the current floor, with new supply arriving at roughly 1,092 per month.

of active listings carry a price reduction, +0.3% from prior period.

Median price per square foot has moved +3.2% year-over-year.

Pending-to-active ratio — Very Competitive.