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October 2014 Single Family Sales Report - Pioneer Valley, Ma

Sale Report for Single Family Homes - Month of October 2013 vs. October 2014
Pioneer Valley
Sales up 6.3%
2013 - Number of units closed - 443
2014 - Number of units closed - 471
2013 - Average Sales Price - 210,192
2014 - Average Sales Price - 210,828
Franklin County
Sales up 27.7%
2013 - Number of units closed - 47
2014 - Number of units closed - 60
2013 - Average Sales Price - 201,344
2014 - Average Sales Price - 205,379
Hampshire County
Sales up 9.4%
2013 - Number of units closed - 96
2014 - Number of units closed - 105
2013 - Average Sales Price - 267,690
2014 - Average Sales Price - 255,439
Key Points - Pioneer Valley Single Family Homes
Sales - Up 6.3 percent from 443 in October 2013 to 471 October 2014
Median Price - Up 5.4% percent from 185,000 in October 2013 to 195,000 in October 2014
Inventory of available property - Inventory is up 8.6 percent from 2568 single family listings at the end of October 2013 to 2788 single family listings at the end of October 2014.
Supply - At the end of October 2013 there were 5.8 months of supply at the current rate of sale.  At the end of October 2014 there were 5.9 months of supply at the current rate of sale.
Days on Market - The average days on market is up 10.9 percent from 101 days in October 2014 to 112 in October 2014.
A Six-Year View - The median price is up 2.5 percent from $190,000 in September 2009 to $194,700 in September 2014
Mortgage Rates - 30 year fixed rate mortgage averaged 4.20 percent with an average of 0.5 points for the week ending September 25, 2014.  Last year at this time the 30 year FRM averaged 4.32 percent with an average 0.7 points.

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

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