Pioneer Valley, Ma Single Family Sales Report for January

Pioneer Valley Single Family Sales Report

Franklin County sales are up, average sales price is down.

Hampshire County sales and average sales price is up.

Signs that the real estate market is off to a good start.

This information is provided by the Realtor Assoc of Pioneer Valley.

Prices Up, Inventory Low in Most Western Mass Markets

It was reported this week that the median price of a home in the Pioneer Valley rose 8.1 percent in June, from $185,000 in June 2012 to $200,000 last month in June 2013.

In Franklin County, sales were down 2 percent from 51 to 50. The median sales price rose 18.7 percent from $160,000 to $189,975.

The overall real estate market has improved, but the inventory of rural properties on the market remains high.   

It has been a busy summer and I think the positive news on housing will continue. 

Read more about the Pioneer Valley Sales.

First Quarter Sales Report - Single Family Homes in Pioneer Valley, Ma

Ending the week on positive real estate news!   

According to the Realtor Association of the Pioneer Valley the median price of homes sold in the Pioneer Valley rose 2.5% in the first quarter of 2013, from 163,950 in the first quarter of 2012 to 168,000 this year. 

The number of homes sold rose just 0.6 percent, from 790 in the first three months of 2012 to 795 in the same period this year.  The inventory of available residential property fell 15%, from 2636 single-family listings at the end of March 2012 to 2240 at the end of last month.

Homes also sold more quickly.  Average days on market fell from 170 accumulated days per home last year to 145 days for 2013.

Listings under agreement fell 12.9%.  There were 1163 homes under agreement at the end of March 2012 and 1013 at the end of March 2013.

Franklin County Stats:

Sales fell 30.3% from 89 homes to 62, reflecting small housing market in the mostly rural county.  Median prices rose 10.8% from 162,000 to 179,500. 

It is still early in the year to predict what the future is going to bring but I am seeing a low inventory on the horizon.

This information is provided by the Realtor Association of Pioneer Valley

Pioneer Valley Real Estate Sales

Home sales rose 8.9 percent across the region last month, according to statistics released Tuesday by the Realtor Association of Pioneer Valley. 

The number of homes sold rose from 459 in August 2011 to 500 in August 2012. 

But the median sales price fell 3.5 percent from $210,000 in August 2011 to $202,750 in August 2012. 

Kevin P. Sears, an owner and broker at Sears Real Estate in Springfield and a former president of the Massachusetts Realtor Association, said a slow economy and a large number of homes that have been foreclosed upon by mortgage lenders is keeping prices down.  Foreclosure auctions don’t count in statistics kept by the Realtor Association of Pioneer Valley. But he said most end up getting sold through the multiple listing service soon after foreclosure, often at 60 cents or 70 cents on the dollar. “The good news is we are seeing old inventory cleared off,” he said. “But we haven’t hit that point yet where we see the prices following the rest of the trends.” 

On a month-to-month basis , sales were up 16.3 percent from the 430 homes sold in July. The median price rose 6.7 percent from $190,000 in July.

In Hampshire County, sales rose 3.9 percent from 127 to 132. The median price fell 12.8 percent from $269,000 to $234,500. 

In Franklin County, the number of homes sold fell 3.1 percent from 64 to 62. The median sales price rose 2.4 percent from $204,500 to $209,500.