September 2014 Single Family Sales Report - Pioneer Valley, Ma

Sales Report for Single Family Homes - Month of September 2013 vs. 2014

Pioneer Valley

Sales up 9.8%

2013 - Number of units closed - 406

2014 - Number of units closed - 446

2013 - Average Sales Price - 221,491

2014 - Average Sales Price - 215,097

Franklin County

Sales up 48.6%

2013 - Number of units closed - 35

2014 - Number of units closed - 52

2013 - Average Sales Price - 216,687

2014 - Average Sales Price - 208,499

Hampshire County

Sales down 9%

2013 - Number of units closed - 100

2014 - Number of units closed - 91

2013 - Average Sales Price - 278,457

2014 - Average Sales Price - 266,251

Key Points - Pioneer Valley Single Family Homes

• Sales - Up 9.8 percent from 406 in September 2013 to 446 September 2014

• Median Price - Up 2.5 percent from 190,000 in September 2013 to 194,700 in September 2014

• Inventory of available property - Inventory is up 11.9 percent from 2714 single family listings at the end of September 2013 to 3,036 single family listings at the end of September 2014.

• Supply - At the end of September 2013 there were 6.7 months of supply at the current rate of sale.  At the end of September 2014 there were 6.8 months of supply at the current rate of sale.

• Days on Market - The average days on market is down 1 percent from 105 days in September 2013 to 104 in September 2014.

• A Six-Year View - The median price is up 2.5 percent from $190,000 in September 2009 to $194,700 in September 2014

• Mortgage Rates - 30 year fixed rate mortgage averaged 4.20 percent with an average of 0.5 points for the week ending September 25, 2014.  Last year at this time the 30 year FRM averaged 4.32 percent with an average 0.7 points.

Information provided by the REALTOR Association of Pioneer Valley, Inc.