The present housing market in Hartford is down with high active listings and low sales volume. Home prices have decreased 11.7% in the past month. With 8 active listings, inventory is 167% higher than seasonal norms. Homes are now taking an average of 98 days to sell, significantly longer than the 37 days typical for this market. A significant 25.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Hartford market with the affordability index at 329.9. Current trends suggest further price adjustments may occur as the market continues to favor buyers.
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