March Real Estate Update for the Pioneer Valley Region - Sales are Up!

March 2015 Single Family Sales Report

Key Points - Pioneer Valley Single Family Homes

• Sales - Up 14.2  percent from 246 in March 2014 to 281 in March 2015.

• Median Price - Down 2.8 percent from $185,225 in March 2014 to $180,000 in March 2015.

• Inventory is down 6.1 percent from 2,067 single family listings at the end of March 2014 to 1,941 single family listings at the end of March 2015.

• Supply - At the end of March 2014 there 8.4 months of supply at the current rate of sale.  At the end of March 2015 there were 6.9 months of supply at the current rate of sale.

• Days on Market - The average days on market is down 4.5 percent from 156 days in March 2014 to 149 in March 2015.

• A Six-Year View - The median price remains the same from $180,000 in March 2010 to $180,000 in March 2015. 

• Mortgage Rates - 30 year fixed rate mortgage averaged 3.69 percent with an average of 0.6 points for the week ending March 26, 2015.  Last year at this time the 30 year FRM averaged 4.40 percent with an average 0.6 points. (Source: FreddieMac.com)

This information is provide by the Realtor Association of Pioneer Valley.

Yearly Real Estate Sales of Single Family Homes since 2003 in Franklin County, Ma of the Pioneer Valley Region

I've been keeping track of single family sales for all Franklin County towns since 2003.  I recently added 2014 and you can see a trend of where real estate sales are headed.   Interesting to see the rise and fall of the market over the past 12 years.  It appears we are now at 2004 to 2005 prices and an increase in values should continue over the next few years.  I do have the breakdown of sales for each town since 2003.  If you are interested in knowing the activity in your specific town, feel free to email me at wanda@mooneyandroberts.com.   

This information is gathered from MLS and does not include private sales.

Franklin County, Ma Single Family Sales since 2003

The chart below represents the average sale price and average days on market since 2003 for single family sales in the Franklin County.   You can see the ups and downs in the real estate market and hard to believe the average sale price in 2004 was higher than it is today.  This also shows that the amount of time to sale a house has not changed much in the past few years.   Is the real estate market getting better?  The next 10 years will be interesting.  

This information was taken from the Multiple Listing Service and does not include private sales.

The following spreadsheets is the breakdown of Single Family Sales in each Franklin County town since 2003.  

Masaschusetts Pending Sales are Up for the Month of October!

The Massachusetts Association of Realtors reported that pendings sales for single family homes and condominiums are up for the month October!

The way folks celebrate a World Series Championship here in Massachusetts, one could reasonably assume that homes put under agreement could possibly go down in October. However, despite all that revelry and that “little” federal government shutdown, pending sales went up for the 8th straight month and the 28th month out of the last 29.

Here are the highlights:

·  Single-family pending home sales were up 17.1% compared to October 2012

·  Single-family month-to-month pending home sales were up 11.5% from September 2013

·  Condo pending home sales were up 22% compared to October 2012

·  Condo pending month-to-month home sales were up 7.0% from September 2013

Yearly Sales since 1995 for West County! Take a Look!

West County Single Family Yearly Sales History since 1995

Interested in knowing:
1)  The average sale price for West County Single Family homes since 1995?
2)  What has been the average days on market since 1995?
3)  What was the average list price?

                                                    Take a look - West County Sales

I prepared the attached sales history chart that I find very interesting.  Do you think it supports what some are saying that the real estate market might be improving.   Take a look and let me know your thoughts.

These statistics come from the multiple listing service and does not include private sales.