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New survey finds Hartford metro has the 3rd hottest housing market

According to RE/MAX, Hartford metro only trails Billings, MT, and San Francisco. 53 metro areas were surveyed.
Credit: FOX61

HARTFORD, Conn — The winning streak for home sellers and their realtors continued for a third month in September, according to a new report from RE/MAX -- especially in Hartford!

In a new national survey, the Hartford metro area was ranked third in terms of home sales. 

Home sales saw a streak of record proportions extended to three months in September, as closings rose 21.1% from 2019.

Homes are being sold in an average of 39 days, which is a full week faster on average than in September 2019. 

The Hartford Metro Area, which includes parts of Middlesex, Hartford, and Tolland Counties, saw a 33.3% increase in closed sales in September.

Only Billings, MT (37.1%) and San Fransico (34.7%) saw a bigger increase. 

“September’s massive year-over-year increase in home sales was the latest reminder of the housing market’s overall strength and resiliency,” said Adam Contos, CEO of RE/MAX Holdings, Inc. “Demand is off the charts right now. Buyers of all ages are coming into the market determined to improve their quality of life through amenities, community and the unique security that comes with homeownership. They’re working through the challenges of tight inventory, high prices and competing offers to take advantage of historically low interest rates and, in many cases, the greater mobility they now enjoy through working remote.

While sales normally drop off by 15% from August to September, this year's drop off was only 3.3%.

Officials say this is due to the pandemic pushing the top season from the summer to the fall.

Of the 53 metro areas surveyed last month, Hartford was one of the top areas, with an increase of year over year sales over 33%.

“Generational factors and a continuing rebound in home construction support the notion of an active housing market moving into next year.”

For more on the survey, click here