Pioneer Valley Sales Fall, Median Price Remains Steady

Pioneer Valley home sales fall while median price stays steady.

The median sales price of a home sold in the Hampden, Hampshire and Franklin counties fell by 0.05 percent from $180,000 in May 2010 to $179,900 in May 2011. 

The number of homes sold fell 21.7 percent though, from 411 in May 2010 to 322 in May 2011.

Read more about the local housing market. http://bit.ly/maSMta

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Pioneer Valley, Mass Real Estate Update

Experts say real estate 'in limbo,' with activity up, but sales slack

I agree with what the real estate agents quoted in this article featured in the Hampshire Gazette.  It has been busy the past few weeks with showing requests especially the under 200,000 price range.  But at this point we don't have the pending sales to support the activity we are receiving.  It is still early in the year and time will tell if this year will end up better than the last.  

http://www.gazettenet.com/2011/06/20/housing-hopes

Mortgage industry fights to keep 3.5% down payments

If the 3.5% down payment is eliminated, it will really hurt first time home buyers.  This is a fight we need to win.   Read on:   Mortgage industry fights to keep 3.5% down payments

Positive Outlook on Housing - Fox News Interview with President Realogy

There is a lot of conversations these days about our real estate market and whether it is good or bad, have we hit the bottom of the market or are we recovering.  Here is a good video that puts our real estate market in perspective.  The big picture is sometimes hard to see but it paints a good look into our future of home buying and selling. 

Job Market Improves, Housing Mixed - Pioneer Valley, Mass

Median house price is up compared to last year, but number of sales are down.  Keep in mind that last year we had the first time home buyer tax credit which fueled the house sales.  These statistics are expected.  Although the real estate market continues to be fragile, I am optimistic about the future and it will eventually turn around.  It is just going to take time.  

Click here http://bit.ly/kZQ1rd to read the latest news about the housing and job market in the Pioneer Valley region.

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