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Local Real Estate Market Update - Pioneer Valley, Ma

Sales of single family homes in Franklin County are up 15.3%  in the third quarter compared to this time last year.    The average sales price remains about the same.

The Pioneer Valley Region reports inventory for single family homes dropped 5.2%.  As of 9/30/12 there were 3,083 homes for sale vs. 3,243 last year.    The days on market for the Pioneer Valley region remains about the same.   As of 9/30/12, 1440 houses are under agreement and this time last year there was 1295.

The prices do remain flat, inventory is dropping and the time frame (days on market) to sell is about the same.  The real estate market is demonstrating that it has plateaued with a slight indication market is improving.   I will take this news!  Better than what I use to report a couple years ago.

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