
Home sales in Greater Hartford, CT rose 11 percent in June, an encouraging sign after the spring home buying season got off to a slow start.
Sales of single-family houses in June rose to 1,071 from 968 for the same month a year ago, according to the Greater Hartford Association of Realtors.
The median sale price slid a little more than 1 percent, to $234,000 from $236,700 a year earlier, the association reported. The association covers 57 towns, roughly from Enfield to Middletown.
"The month of June was a rebound for closed sales," said Jeff Arakelian, the association's president. "It appears the market is correcting after a slow spring."
Statistics for the first six months of 2014 show just how slow the market has been. Through June, sales of single-family houses increased less than 1 percent compared with the same period in 2013.
There have been modest local gains in jobs recently, but buyers remain quite cautious and consumer confidence is lower than expected.
Sales that closed in June reflect homes that would have gone under contract in the previous 60 to 90 days. Real estate agents say that July will provide more insight into the spring market, usually the busiest month of the year and a barometer for annual home sales.
Agents say fall could provide a bump, although it is not traditionally as busy as the spring season.
Home sales in Greater Hartford posted double-digit, year-over-year gains in 2012 and 2013, and last year prices stabilized. The trends were an encouraging sign that the area was beginning to hit a stride recovering from the housing downturn.