Dr.
Lawrence Yun – Economist for the National Association of Realtors and Dr. David Crowe - Economist with the Home Builders Association talk about the current national real estate market
conditions. The overall news continues to be very positive. When listening to the video, keep in mind that real estate is local and some of the statistics may not apply in your neighborhood.
Real Estate & Community News in the Hilltowns of Western Massachusetts
Showing posts with label real estate market update. Show all posts
Showing posts with label real estate market update. Show all posts
Tuesday, May 28, 2013
Sunday, October 28, 2012
Local Real Estate Market Update - Pioneer Valley, Ma
Sales of single family homes in Franklin County are up 15.3% in the third quarter compared to this time last year. The average sales price remains about the same.
The Pioneer Valley Region reports inventory for single family homes dropped 5.2%. As of 9/30/12 there were 3,083 homes for sale vs. 3,243 last year. The days on market for the Pioneer Valley region remains about the same. As of 9/30/12, 1440 houses are under agreement and this time last year there was 1295.
The prices do remain flat, inventory is dropping and the time frame (days on market) to sell is about the same. The real estate market is demonstrating that it has plateaued with a slight indication market is improving. I will take this news! Better than what I use to report a couple years ago.
The Pioneer Valley Region reports inventory for single family homes dropped 5.2%. As of 9/30/12 there were 3,083 homes for sale vs. 3,243 last year. The days on market for the Pioneer Valley region remains about the same. As of 9/30/12, 1440 houses are under agreement and this time last year there was 1295.
The prices do remain flat, inventory is dropping and the time frame (days on market) to sell is about the same. The real estate market is demonstrating that it has plateaued with a slight indication market is improving. I will take this news! Better than what I use to report a couple years ago.
Sunday, July 22, 2012
Pioneer Valley Real Estate Update
Single family sales in the Pioneer Valley rose 26.8% during
the second quarter from 993 in 2011 to 1,259 for this year. Inventory dropped 3.5% from 3310 in 2011 to
3195 in 2012. The number of days on
market is about the same and listings that are currently under agreement rose
17%.
The biggest change for the Franklin County area is the
average sale price dropped from 191,108 to 174,382.
The signs continue to show steady improvement. Stay tuned for continued updates.
This information provided by the Realtor Association of Pioneer Valley
Tuesday, April 17, 2012
Real Estate Values going up in 2013?
Experts are predicting a rise in home prices starting in 2013. I personally think it is too optimistic especially for this area. On a positive note, the real estate market has improved and real estate agents are busier compared to this time last year. The mild winter has created an earlier than expected spring market. I do think we have hit rock bottom and will stablize for the next couple of years. The foreclosure market is still very active and we must get those listings sold before you will see appreciation in property values.
What do you think about the market? Do you think prices will begin to appreciate in 2013? Your comments are welcome!
The Urban Land Institute released its Real Estate Consensus Forecast where 38 real estate economists and analysts voice their opionion about the future real estate market. Click on the link below for the complete article.
http://www.dsnews.com/articles/expert-expect-to-see-broad-improvements-home-prices-rise-in-2013-2012-03-28
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