Market Statistics

January Monthly Sales Report of Single Family Homes in Pioneer Valley

Sales of single family homes in Franklin County were down 21.3% and median price up 17.6% in January 2019 compared to January 2018. The sales were down in both Hampshire and Hampden County and median price up in Hampden County but down in Hampshire County. 

The average days on market was up 9.5% from 84 days in January, 2018 compared to 91 days in January, 2019. Listings that are pending (under agreement to sell) were up 18.9% from 344 listings pending in January 2018 to 409 listings pending sale in January, 2019.

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year End Real Estate Market Update of Single Family Homes in the Pioneer Valley Region

Sales of single family homes in Franklin County were down 8.5% and median price up 3.4% in 2018 compared to 2017. The sales were up in both Hampshire and Hampden County and median price up in Hampden County but down in Hampshire County. 

The average days on market was down 12.8% from 78 days in 2017 compared to 68 days in 2018. Listings which are pending (under agreement to sell) were down 1.2% from 6076 listings pending in 2917 to 6,004 in 2018.  

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

 

 

 

 

 

 

 

 

 

 

 

November Real Estate Market Report Pioneer Valley

Franklin County sales were down 23.2% and the median price up 8.1% in November, 2018 compared to November, 2017.  The sales were up in both Hampshire and Hampden County. 

Inventory of single family homes fell in Pioneer Valley 14.9% from 1,800 single family homes for sale at the end of November, 2017 to 1,531 at the end of November, 2018.  

The average days on market is down 13.1% from 79 days in November, 2017 to 69 days in November, 2018. Listings which are pending (under agreement to sell) are down 8.0% from 464 in November, 2017 to 427 in November, 2018.

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

October Real Estate Market Report for Pioneer Valley

Franklin County sales were up 18.9% and the median price up 21.7% in October, 2018 compared to September, 2017.  The sales were down in Hampden County but up in Hampshire County.   

Inventory of single family homes fell in Pioneer Valley 17.1 percent from 2,045 single family listings at the end of October, 2017 to 1,696 single family listings at the end of October, 2018.  

The average days on market are down slightly by 0.7% from 65 days in October, 2017 to 64 days in October, 2018. Listings which are pending (under agreement to sell) are up 18.3 from 507 in October, 2017 to 600 in October, 2018.

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September Real Estate Market Report for Pioneer Valley

Franklin County sales were down 9.9% and the median price down 5.5% in September, 2018 compared to September, 2017.  The sales were also down in both Hampshire and Hampden County. 

Inventory of single family homes fell in Pioneer Valley 14.3 percent from 2,107 single family listings at the end of September 2017, to 1,806 single family listings at the end of September, 2018.  

The average days on market increase 3.7%  from 63 days in September, 2017 to 66 days in September, 2018. Listings which are pending (under agreement to sell) are down 5.2%  from 520 in September, 2017 to 493 in September, 2018.

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

August, 2018 Sales Report for Single Family Homes in Western Mass

Pioneer Valley single-family home sales in August, 2017 had 699 closed transactions and 659 in August, 2018, down 5.7%.  Franklin County had 90 closed transactions in August, 2017 and 74 in August, 2018, down 17.8%.    

Pioneer Valley average days of market was down to 56 days in August 2018 vs. 63 days in August 2017.  Pending sales are up and inventory of homes for sale remains down.

For more information regarding single family sales in August review the following provided by the Realtor Association of Pioneer Valley.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Real Estate Sales Report For January

Franklin County sales were up 27.0% and the median price was down 2.1% in January, 2018 compared to January, 2017.  The sales and median price went up in Hampshire and Hampden County. 

Inventory fell 32.6 percent from 1,725 single family listings at the end of January 2017, to 1,162 single family listings at the end of January 2018.  

The average days on market dropped 11.3% from 94 days in January 2017 to 83 days in January 2018. Listings which are pending (under agreement to sell) are up 8.9 percent from 360 in January 2017 to 392 in January 2018.

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

 

 

Year End Sales Report for Pioneer Valley

Compared to 2016 Franklin County sales for single family homes were up 3% in 2017 and the median price up 2.3%.  The Pioneer Valley sales were up 1.7% and median price 4.5%.  In Franklin County 626 homes sold in 2016 and 645 in 2017.   

Unless something changes over the next few months it is going to be a challenging year for buyers looking to find the right home.   There are fewer homes on the market and if this pattern continues it will be create tension in the market creating an increase in multiple offer situations.  Lets hope once the winter weather breaks and spring arrives you will see a greater selection of homes for sale. 

I will continue to post monthly reports, keeping you informed of local market conditions. 

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

PIONEER VALLEY - KEY REAL ESTATE POINTS:

Sales - Rose 1.7% from 5901 in 2016 to 5,999 in 2017.

Median Price - Rose 4.5% from $199,000 in 2016 to $208,000 in 2017.

Days on Market - The average days on market was down 24.5% from 104 days in 2016 to 78 days in 2017.

Pending Sales - Listings which are pending (under agreement to sell) are up 4.3% from 5,912 in 2016 to 6,167 in 2017.

Mortgage Rates - 30 year fixed rate mortgage (FRM) averaged 3.99 percent for the week ending December 29, 2017.  Last year at this time the 30 year FRM averaged 4.32 percent. (Source: Mortgage-x.com)

 

 

September Real Estate Sales Report for Pioneer Valley

It was a very busy month for real estate sales in Franklin County! Comparing real estate sales of single family homes for the month of September 2016 vs. September 2017,  Franklin County sales are up 26.3% while Hampshire and Hampden CountIes sales are down.  The following reports will be posted monthly keeping you informed of the local real estate market.   

PIONEER VALLEY - KEY REAL ESTATE POINTS:

Sales—Down 5.9 percent from 578 in September 2016 to 544 in September 2017.

Median Price— Up 9.5 percent from $200,000 in September 2016 to $219,000 in September 2017.

Inventory of available property—Inventory fell 25.2 percent from 2,464 single family listings at the end of September 2016, to 1,843 single family listings at the end of September 2017.

Supply—The supply of single-family properties on the market at the current rate of sale dropped 27.4 percent. At the end of September 2016 there were 5.1 months of supply at the current rate of sale. At the end of September 2017 there were 3.7 months of supply at current rate of sale.

Days on Market—The average days on market dropped 24.3 percent from 83 days in September 2016 to 63 days in September 2017.

Pending Sales—Listings which are pending (under agreement to sell) are up 4.1 percent from 531 in September 2016 to 553 in September 2017.

Mortgage Rates 30-year fixed-rate mortgage (FRM) averaged 3.9 percent with an average 0.5 points for the week ending October 12, 2017 . Last year at this time the 30-year FRM averaged 3.4 percent with an average 0.5 points. (Source: www.FreddieMac.com)

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.