The median sales price of single-family homes in the Greater Hartford region shot up 7.1% in October, according to the Greater Hartford Association of Realtors, rising from $280,000 to $300,000.
In a statement, officials with the GHAR said the area’s housing inventory has dropped by 30.8% — from 1,746 properties on sale to 1,208 — over the same interval, and closed sales have decreased 16%, likely a response to shrinking availability now that so many residents who were prepared to sell their homes already have. Pending sales also declined 8.9%.