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Red hot real estate market in Greater Hartford leads to steepest drop in number of homes for sale among more than 50 metro areas nationwide


Red hot real estate market in Greater Hartford leads to steepest drop in number of homes for sale among more than 50 metro areas nationwide
Kenneth R. Gosselin, Hartford Courant
© Kassi Jackson/Kassi Jackson/Hartford Courant/TNS
The Hartford metro area s hot housing market has left little choice for home buyers, a new report shows.
Homes are selling so fast in the Greater Hartford area that the region had the nation’s steepest declines in inventory of properties over the last year.
The Hartford metro area, which includes Hartford, Tolland and Middlesex counties, registered the steepest decline in the inventory of homes on the market across 53 metro areas nationwide, plunging more than 83% in February, compared with the same month a year ago, according the the monthly report from real estate giant RE/MAX. ....

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Business briefs, Feb. 28, 2021


Business briefs, Feb. 28, 2021
Feb. 25, 2021
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West Lane Inn, a boutique 17-room inn in Ridgefield, is a recipient of the Connecticut Green Bank s annual awards.Contributed photo
ROCKY HILL - In recognition of their contributions to the deployment of clean energy and demonstrated leadership in their industries in 2020, the Connecticut Green Bank has announced the honorees of their annual PACEsetter Awards and the Smart-E Loan Top Performers. Since 2012, the Green Bank has supported the creation of more than 23,000 job years and over 50,000 clean energy projects, thanks to our network of contractors, interested home- and building owners, and lending partners.
PACEsetter Awards Recipients: The Connecticut Green Bank’s PACEsetter Awards acknowledge contractors, building owners and other stakeholders who are advancing the green energy movement through C-PACE, and whose leadership establishes a “pace” for others in their field to follow. The ....

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Bordonaro: Statewide property tax misguided


Connecticut’s red hot housing market ended 2020 on a high note.
In December alone, Greater Hartford home sales were up 51%, while home prices increased 16%, according to the Greater Hartford Association of Realtors.
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Greg Bordonaro
For all of 2020, sales volume was up 13.7% (7,548 homes traded hands) and the median sales price rose 10.2%, to $270,000.
The housing market has been a surprising bright spot in what’s been a tough last year.
Up until 2020, Connecticut housing prices, along with the overall state economy, struggled for more than a decade to recover from the Great Recession, so to see a resurgence during one of the worst economic periods in recent memory was refreshing. ....

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