Market Statistics

July 2019 Sales Report of Single Family Homes in Pioneer Valley

single family homes pioneer valley massachusettsSales of single family homes in Franklin County were up 2.9% and median price up 4.7% in July 2019 compared to July 2018. The sales were down 5.8% in Hampden County and 0.6% in Hampshire County. Median price was up in both Hampden and Hampshire Counties. 

The average days on market was down 4.7% from 56 average number of days in July 2018 compared to 53 days in July 2019. Listings that are pending (under agreement to sell) were up 18.2% from 578 listings pending in July 2018 to 683 listings pending sale in July 2019.

July 2019 single family sales report pioneer valleyPioneer Valley sales report real estate franklin countyfranklin county market update realtors association july 2019

June 2019 Sales Report of Single Family Homes in Pioneer Valley

sold in massachusetts wanda mooneySales of single family homes in Franklin County were up 22% and median price up 14.2% in June 2019 compared to June 2018. The sales were down 15.5% in Hampden County and 11% in Hampshire County. Median price was up in both Hampden and Hampshire Counties. 

The average days on market was down 5.7% from 58 average number of days in June 2018 compared to 55 days in June 2019. Listings that are pending (under agreement to sell) were up 7% from 627 listings pending in June 2018 to 671 listings pending sale in June 2019.

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

pioneer valley hampshire hampden franklin county realtor associationjune 2019 real estate report franklin county massachusettslocal market update realtor association of pioneer valley

Pioneer Valley Sales Report Single Family Homes Massachusetts

April Sales Report of Single Family Homes in Pioneer Valley

Pioneer Valley Real Estate Sales ReportsSales of single family homes in Franklin County were up 22.7% and median price up 4.6% in April 2019 compared to April 2018. The sales were up in Hampshire and Hampden Counties. Median price was also up in both Hampden and Hampshire Counties. 

The average days on market was up 8.9% from 77 days in April 2018 compared to 84 days in April 2019. Listings that are pending (under agreement to sell) were up 8.3% from 593 listings pending in April 2018 to 642 listings pending sale in April 2019.

April Sales Report Key PointsApril Sales Report County AveragesApril Sales Report Franklin County

March Sales Report of Single Family Homes in Pioneer Valley

 

Sales of single family homes in Franklin County were down 25% and median price up 2.2% in March 2019 compared to March 2018. The sales were down in Hampshire and up in Hampden County. Median price was down in both Hampden and Hampshire County. 

The average days on market was up 15% from 97 days in March 2018 compared to 82 days in March 2019. Listings that are pending (under agreement to sell) were up 17.6% from 518 listings pending in March 2018 to 609 listings pending sale in March 2019.

 

March Sales Report by County

 

March Sales Report Key Points

March Local Market Update Franklin County

March Local Market Update Franklin County

 

 

 

 

 

 

 

 

 

 

 

April Real Estate Sales Report for the Pioneer Valley

Franklin County sales were down 11.8% and the median price went up by 9.7% in April, 2018 compared to April, 2017.  The sales were also down and median price up in both Hampshire and Hampden County. 

Inventory of single family homes fell in Pioneer Valley 31.3 percent from 1,832 single family listings at the end of April 2017, to 1,258 single family listings at the end of April 2018.  

The average days on market dropped 18.5% from 95 days in April 2017 to 78 days in April 2018. Listings which are pending (under agreement to sell) are up 16.6 percent from 578 in April 2017 to 674 in April 2018.

The sale reports are provided from the Realtor Association of Pioneer Valley.

 

February Real Estate Sales Report for the Pioneer Valley

What a difference a year can make.  Inventory is at an all time low and average sales price is on the rise.

Franklin County sales were up 36.4% and the median price went up by 45.8% in February, 2018 compared to February, 2017.  The sales and median price also increased in both Hampshire and Hampden County. 

Inventory of single family homes fell in Pioneer Valley 31.1 percent from 1,668 single family listings at the end of February 2017, to 1,149 single family listings at the end of February 2018.  

The average days on market dropped 26.6% from 114 days in February 2017 to 84 days in February 2018. Listings which are pending (under agreement to sell) are up 17.2 percent from 361 in February 2017 to 423 in February 2018.

The following reports are provided by the Realtor Association of Pioneer Valley.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

October Real Estate Sales Report for Pioneer Valley

Franklin County sales were down 13.1% and the median price was down 13.1% in October, 2017 compared to October, 2016.  The sales and median price was up in Hampshire and Hampden County.  I anticipate a reduction in the number of sales as we approach the winter season.  The inventory of homes for sale is low which means it is a great time to keep your house on the market.  Your house will stand out more because there is less competition on the marketplace and buyers do purchase homes during the winter months.  

The following reports will be posted monthly keeping you informed of the local real estate market.   

PIONEER VALLEY - KEY REAL ESTATE POINTS:

Sales—Up 20.6 percent from 432 in October 2016 to 521 in October, 2017.

Median Price— Up 6 percent from $194,000 in October 2016 to $205,550 in October 2017.

Inventory of available property—Inventory fell 24.7 percent from 2,303 single family listings at the end of October 2016, to 1,734 single family listings at the end of October 2017.

Supply—The supply of single-family properties on the market at the current rate of sale dropped 28.9 percent. At the end of October 2016 there were 4.9 months of supply at the current rate of sale. At the end of October 2017 there were 3.5 months of supply at current rate of sale.

Days on Market—The average days on market dropped 21.2 percent from 81 days in October 2016 to 64 days in October 2017.

Pending Sales—Listings which are pending (under agreement to sell) are up 21.1 percent from 475 in October 2016 to 575 in October 2017.

Mortgage Rates 30-year fixed-rate mortgage (FRM) averaged 3.95 percent with an average 0.5 points for the week ending November 16, 2017 . Last year at this time the 30-year FRM averaged 3.94 percent with an average 0.5 points. (Source: www.FreddieMac.com)

 

 

August Real Estate Sales Report for Pioneer Valley

Real estate sales of single family homes in Franklin County for the month of August was up 37.9% and the median price up 3.2% compared to August of 2016.  The market continues to be very busy and there is no sign of a slow down.  There is a limited amount of homes for sale and in some areas real estate agents are experiencing multiple offer situations.  It is a great time to sell!

Pioneer Valley - Key Real Estate Points:

Sales - Up 7.8 percent from 639 in August 2016 to 689 in August 2017.

Median Price - Up 1.2 percent from $210,000 in August 2016 to $212,500 in August 2017.

Inventory of available property - Inventory fell 25.9 percent from 2,517 single family listings at the end of August 2016, to 1,865 single family listings at the end of August 2017.

Supply - At the end of August 2016 there were 5.3 months of supply at the current rate of sale. At the end of August 2017 there were 3.8 months of supply at current rate of sale.

Days on Market - The average days on market dropped 27.1 percent from 88 days in August 2016 to 64 days in August 2017.

Pending Sales - Listings which are pending (under agreement to sell) are up 12.9 percent from 533 in August 2016 to 602 in August 2017.

Mortgage Rates - 30-year fixed-rate mortgage (FRM) averaged 3.8 percent with an average 0.5 points for the week ending August 31, 2017 . Last year at this time the 30-year FRM averaged 3.8 percent with an average 0.6 points. (Source: www.FreddieMac.com)

Check out the charts for detailed comparisons provided by Realtor Association of Pioneer Valley and Massachusetts Association of Realtors.

July Real Estate Sales Report for Pioneer Valley

The month of July resulted in a robust real estate market for Franklin County! Compared to July of last year Franklin County beat the Pioneer Valley region with sales up by 15.4%.  

Pioneer Valley - Key Real Estate Points:

Sales - Up 5.3 percent from 586 in July 2016 to 617 in July 2017.

Median Price - Down 1 percent from $222,250 in July 2016 to $220,000 in July 2017.

Inventory of available property - Inventory fell 28.4 percent from 2,536 single family listings at the end of July 2016, to 1,817 single family listings at the end of July 2017.

Supply - At the end of July 2016 there were 5.4 months of supply at the current rate of sale. At the end of July 2017 there were 3.7 months of supply at current rate of sale.

Days on Market - The average days on market dropped 36.3 percent from 99 days in July 2016 to 63 days in July 2017.

Pending Sales - Listings which are pending (under agreement to sell) are up 24.6 percent from 505 in July 2016 to 629 in July 2017.

Mortgage Rates - 30-year fixed-rate mortgage (FRM) averaged 3.9 percent with an average 0.5 points for the week ending July 28, 2017 . Last year at this time the 30-year FRM averaged 3.4 percent with an average 0.5 points. (Source: www.FreddieMac.com)

Check out the charts for detailed comparisons provided by Realtor Association of Pioneer Valley and Massachusetts Association of Realtors.

 

 

Pioneer Valley Moving Into Seller's Market

An article recently published by Mass Live announced that the Pioneer Valley is moving into a “seller’s market”.  This means that the real estate market is currently favoring sellers, rather than buyers. The lack of homes for sale puts pressure on buyers to move quickly in their purchasing actions, or else risk losing out on getting the house they wanted.

According to the article, sales of single-family homes in June 2017 are fewer than in June 2016, while the median sales price rose. Also, the average number of days a home is on the market for June 2017 has decreased compared to June 2016. Specifically in Franklin County, sales are down 1.3 percent with 75 sales in June 2016 and 74 sales in June 2017 and the median price rose 16.3 percent from $224,000 to $260,500.

So what does all this mean for you? In a seller’s market, desirable houses sell quickly. If you are pursuing a new home, act in a timely manner. On the other hand, if you have been thinking of putting your home on the market, now is a good time to do so. However, sellers sometimes get overexcited in a seller’s market and might ask too high of a price. This leads to their house sitting on the market for too long. Make sure to maintain reason when listing your home.

For more advice on how to act in a seller’s market of if you are thinking of buying or selling, get in touch with Wanda Mooney at (413) 768-9848 or wanda@wandamooney.com.

To read the full article on masslive.com click here.