CT: Hartford Area New Home Listings, Pending Sales Dip

Hartford, Connecticut Real EstateUnemployment, shaky consumer confidence and a rough winter are among the factors that have slowed the real estate market lately, according to area real estate agents.

Statistics for Greater Hartford show a decline in the number of new, single-family residential listings, as well as drops in pending and closed sales in the first two months of this year, compared with the same period last year. The average number of days a property stays on the market increased from 82 days to 92 days.

The most dramatic change was in the number of new listings, a 32.7 percent decline from 2,749 in early 2010 to 1,851 so far in 2011, according to statistics from the Greater Hartford Association of Realtors.

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