Hartford-West Hartford-East Hartford, CT
Cycle Phase
Hartford has maintained relatively stable market conditions throughout the observation period, currently in Expansion.
Normal growth conditions with balanced fundamentals
Hartford's housing market shows average risk, ranking 234th of 287 metros. The market has been in Expansion for 48 months. Inventory is growing moderately (+10% YoY) with stable liquidity.
Executive Summary
Risk is Neutral, driven primarily by migration and price momentum. The market is in Expansion phase. Liquidity is stable and valuation is balanced.
Top Risk Drivers (This Month)
Market Signals
Inventory is growing at a moderate +10% pace with homes taking +2% longer to sell — within normal ranges.
Liquidity
Valuation
Factor Details
Factor Breakdown
12-month HPI change — higher = overheating
YoY permit change — higher = supply pressure
Permits per 1,000 residents — higher = overbuilding risk
Mortgage payment / income — higher = more burdened
12-month employment change (risk inverted)
Net AGI migration (risk inverted)
Underlying Values
| Metric | Value | Pctile |
|---|---|---|
| Price Momentum | +4.6% | p85 |
| Permit Growth | -30.8% | p8 |
| Permits/1K Pop | 1.14 | p6 |
| Affordability | 0.19 | p3 |
| Employment | +0.2% | p52 |
| Net AGI Migration | -$290K | p92 |
National ContextDoes not affect score
Credit Conditions
Credit Regime
Normal expansion. Credit is available, transactions are healthy — no constraints on current growth momentum.
Supply Pipeline
Supply Regime
Supply pipeline is building up while credit remains available. New units are accumulating in the system — watch for delivery pressure in coming quarters.
Local SignalsDoes not affect score
Metro Permit Activity
Permit Activity
Sharp CoolingRaw signal — not the composite percentile
Relative to 2016–2019 norms for this metro
Significant supply pullback into healthy demand. A supply constraint is forming — pricing power is shifting to existing inventory holders.
Liquidity
Liquidity
Internal Structure
County-level structural analysis.
County-level structural analysis is not available for this metro due to fewer than 3 qualifying counties.
Score History
| Month | Score |
|---|---|
| 2025-11 | 45 |
| 2025-09 | 48 |
| 2025-06 | 51 |
| 2025-03 | 49 |
| 2024-12 | 51 |
| 2024-09 | 52 |
| 2024-06 | 49 |
| 2024-03 | 50 |
| 2023-12 | 49 |
| 2023-09 | 46 |
| 2023-06 | 48 |
| 2023-03 | 43 |
| 2022-12 | 44 |
| 2022-09 | 44 |
| 2022-06 | 40 |
| 2022-03 | 39 |
| 2022-01 | 40 |