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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)