Suddenly, the Hartford area’s real estate market is red hot; home sales are third highest in nation

Home sales in the Hartford metro area ranked the third highest in the country in September in a new national survey released Thursday, fresh evidence of the hot housing market in Connecticut.

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The Hartford metro area — which includes Hartford, Tolland and Middlesex counties — had a 33.3% jump in closed sales in September, compared with a year ago, placing it just behind the perennially hot market of San Francisco, which came in with a 34.7% increase. Billings, Montana grabbed the top spot with sales that soared 37.1%.

The survey, released by real estate giant RE/MAX, was based on a study of 53 metro areas across the country. The study combined sales of single-family houses, condominiums and townhouses.

Sales in the Hartford metro area blew past the national increase of 21.1% compared with a year earlier.

The median sale price — where half the sales are above, half

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Home prices are held down by COVID-19 in big cities while climbing sharply in less crowded areas

The housing market has been booming during the COVID-19 crisis, but America’s cities are taking it on the chin.

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And while big cities like New York and San Francisco, in particular, are struggling with falling prices, values in less densely populated cities such as Phoenix and Charlotte, North Carolina, are holding up fairly well, a new analysis shows.

The study underscores that the spread of the virus and the trend toward remote work are driving the housing market, and may continue to restrain price growth in very crowded urban areas while boosting gains in more suburban areas for some time.

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Since the virus began to take a significant toll on public health and the economy in March, many Americans have been fleeing cities for suburban and rural areas both to minimize the risk

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