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February Real Estate Update for the Pioneer Valley Region

Pioneer Valley

Sales up 3.7%

Feb 2014 - Number of units closed - 215
Feb 2015 - Number of units closed - 223

Feb 2014 - Average Sales Price - 190,972
Feb 2015 - Average Sales Price - 211,661

Franklin County

Sales down 8%

Feb 2014 - Number of units closed - 25
Feb 2015 - Number of units closed - 23

Feb 2014 - Average Sales Price - 151,270
Feb 2015 - Average Sales Price - 187,474

Hampshire County

Sales up 23%

Feb 2014 - Number of units closed - 48
Feb 2015 - Number of units closed - 59

Feb 2014 - Average Sales Price - 241,516
Feb 2015 - Average Sales Price - 277,700


Key Points - Pioneer Valley Single Family Homes

  • Sales - Up 3.7 percent from 215 in February 2014 to 223 in February 2015.
  • Median Price - Up 11.2 percent from $169,900 in February 2014 to $189,000 in February 2015.
  • Inventory is down 5.8 percent from 1,922 single family listings at the end of February 2014 to 1,811 single family listings at the end of February 2015.
  • Supply - At the end of February 2014 there 8.9 months of supply at the current rate of sale.  At the end of February 2015 there were 8.1 months of supply at the current rate of sale.
  • Days on Market - The average days on market is up 6.5 percent from 138 days in February 2014 to 147  in February 2015.
  • A Six-Year View - The median price is up 9 percent from $173,250 in February 2010 to $189,000 in February 2015. 
  • Mortgage Rates - 30 year fixed rate mortgage averaged 3.80 percent with an average of 0.6 points for the week ending February 26, 2015.  Last year at this time the 30 year FRM averaged 4.37 percent with an average 0.7 points. (Source: FreddieMac.com)
This information is provide by the Realtor Association of Pioneer Valley

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