HARTFORD, CT (WFSB) -- The greater Hartford area is being called a "hot" market for real estate.

The RE/MAX realty company surveyed 50 metropolitan areas in September.

They found the Hartford area had a 33.3 percent increase in sales year-over-year, making it one of the three hottest markets in the country, joining San Francisco and Billings, Montana.

Gov. Ned Lamont held a news conference on Friday morning to discuss the report, as well as the uptick in people relocating to Connecticut.

To put it into perspective, a woman in Wethersfield said she’s had offers within the first two days of putting her house up for sale.

“We thought well if we’re going to sell, we might as well try now,” said Tracy Schryver.

She said she and her husband have been considering selling their home for about a year, and they finally made the move about a month ago.

“Within the first two-and-a-half days, we had 42 showings and multiple offers. So, we are under contract,” Schryver said.

Realtors suggest people should take advantage of this time.

“Other buyers are coming in from surrounding states. We have a lot of New Yorkers coming in and that’s exciting,” said Annie Dillon of Keller Williams Realty.

She said Connecticut’s location makes it a hot spot right now.

There are also low interest and mortgage rates, which is taking more homes off the market and raising prices too.

“When I saw the interest rates dipping into new territory, and hearing all the stories about how quickly homes were selling, I thought this might be a good time to sell this home,” said Claire Carney of Wethersfield, who is a buyer and a seller.

Carney sold her home in less than three weeks, and said previously it took her up to four months.

But buying was more of a challenge, with homes going under contract quickly.

“Another house in the neighborhood came on the market. We quickly went in that day to see it. And we thought given today’s market, we better make an offer right then and there,” Carney said.

Dillon suggests buyers get preapproved.

Both homeowners and Dillon also suggest sellers consult a realtor.

“They can line up painters, plumbers, electricians, everybody just to get your home prepped and ready to go on the market,” Dillon said.

According to Zillow, greater Hartford homes are typically going under contract within eight days.

Inventory is down 40 percent as compared to last year.

Nationwide, closings climbed more than 20 percent from a year ago.

RE/MAX expects the "buying boom" to continue into next year.

The company credits the surge to the pandemic, saying lockdowns extended the peak summer buying season.

Check out the full report from RE/MAX by clicking here.

Copyright 2020 WFSB (Meredith Corporation). All rights reserved.


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(5) comments


Where's your mask Neddy Boy?

Brian C. Duffy

Why your mask, Teddy Boy?

Brian Duffy ~~ Tariffville

Shall Not Be Infringed

I'd rather know why Lamont is completely SILENT on Pratt & Whitney laying off thousands of CT workers while investing $650m into N. Carolina to create 800 jobs there. What a loser.


Yes, because the governor has a lot to say about what a private company does with their employees and their facilities.

Shall Not Be Infringed

I'd rather know why Lamont is completely SILENT on Pratt & Whitney laying off 15,000 workers while investing $650m in

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