The Federal Reserve’s contacts in the First District reported mixed economic conditions this spring, although housing may be a bright spot in the months to come across New England.

In the Greater Boston area, office leasing activity remained at a steady pace and largely unchanged, while construction activity was steady and moving at a brisk pace, with office construction consisting of mostly built-to-suit projects, according to the Fed. In Hartford, one of the Fed’s contacts reported slow leasing activity in each of the office, retail and industrial sectors.

Closed sales of single-family homes reported in April were up on an annual basis in Connecticut, but not Massachusetts, where the number of closed sales declined, though the Fed attributes this to the inventory shortage and higher consumer demand in Massachusetts. Pending sales have increased in both Massachusetts and Connecticut, which suggests closed sales will continue to rise in the upcoming months. The median sales price in Connecticut decreased, which the Fed’s contacts said was due to sales of distressed homes. Massachusetts had an increased median sales price, due to the high consumer demand and inventory shortage that accounts for its reduced number of closed sales, the Fed wrote in its report.

The condominium market experienced a closed-sales decrease in both states, though the median sales price for condos rose in Massachusetts, while it remained unchanged relative to a year ago in Connecticut, according to the Fed.

Contacts told the Fed they expect buyer demand to persist through the spring market and into the summer.

Analysts predict strong hotel revenues for this quarter based on the Boston Marathon and continued strength in business and leisure travel. Retailers have seen sales increases between 1 and 5 percent, which indicates better consumer sentiment, according to the Fed’s contacts. However, one contact pointed out that there was a substantial drop in the Conference Board’s Consumer Confidence Index in April in New England.

The strengthened dollar negatively impacted sales overseas for manufacturing services, while software and information technology services blamed the strengthened dollar for the softer business performance in the industry, the Fed reported. The energy sector was impacted by the slowdown in oil and gas investment, which was significantly larger and faster than anticipated.

The investment sales market in Greater Hartford is experiencing robust demand and a solid transaction volume, according the Fed’s report.