Title /blog/posts/2018/01/?format=rss A blog feed. en-US Tue, 23 Jan 2018 22:01:29 -0500 Year End Sales Report for Pioneer Valley https://www.wandamooney.com/blog/posts/2018/01/23/year-end-sales-report-for-pioneer-valley/ <p><img alt="" class="featured featured featured" src="https://s3.amazonaws.com/files.usmre.com/5577/blog/unnamed.png" style="border-width: 2px; border-style: solid; margin: 5px; float: left; width: 300px; height: 158px;">Compared to 2016 Franklin County sales for single family homes were up 3% in 2017 and the median price up 2.3%.&nbsp; The Pioneer Valley sales were up 1.7% and median price 4.5%.&nbsp; In Franklin County 626 homes sold in 2016 and 645 in 2017.&nbsp; &nbsp;</p> <p>Unless something changes over the next few months it is going to be a challenging year&nbsp;for buyers looking to&nbsp;find the right home.&nbsp; &nbsp;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.&nbsp;&nbsp;Lets&nbsp;hope once the winter weather breaks and spring arrives you will see a greater selection of homes for sale.&nbsp;</p> <p>I will continue to post monthly reports, keeping you informed of local market conditions.&nbsp;</p> <p><span style="font-size:10px;"><em>The following reports are provided by the Realtor Association of Pioneer Valley.&nbsp;&nbsp;&nbsp;</em></span></p> <p><u><strong><span style="font-size:14px;">PIONEER VALLEY - KEY REAL ESTATE POINTS</span><span style="font-size:12px;">:</span></strong></u></p> <p><strong>Sales</strong> - Rose 1.7% from 5901 in 2016 to 5,999 in 2017.</p> <p><strong>Median Price</strong> - Rose 4.5% from $199,000 in 2016 to $208,000 in 2017.</p> <p><strong>Days on Market</strong> - The average days on market was down 24.5% from 104 days in 2016 to 78 days in 2017.</p> <p><strong>Pending Sales</strong> - Listings which are pending (under agreement to sell) are up 4.3% from 5,912 in 2016 to 6,167 in 2017.</p> <p><strong>Mortgage Rates</strong> - 30 year fixed rate mortgage (FRM) averaged 3.99 percent for the week ending December 29, 2017.&nbsp; Last year at this time the 30 year FRM averaged 4.32 percent. <span style="font-size:9px;">(Source: Mortgage-x.com)</span></p> <p><span style="font-size:9px;"><img alt="" src="https://s3.amazonaws.com/files.usmre.com/5577/blog/2017.jpg" style="border-width: 1px; border-style: solid; margin: 1px; float: left; width: 650px; height: 593px;"></span></p> <p><img alt="" src="https://s3.amazonaws.com/files.usmre.com/5577/blog/December.jpg" style="border-width: 1px; border-style: solid; margin: 1px; width: 650px; height: 700px;"></p> <p><img alt="" src="https://s3.amazonaws.com/files.usmre.com/5577/blog/Franklin%20County%20.jpg" style="border-width: 1px; border-style: solid; margin: 1px; float: left; width: 650px; height: 842px;"></p> <p>&nbsp;</p> <p>&nbsp;</p> <p><img alt="" src="https://s3.amazonaws.com/files.usmre.com/5577/blog/November%20Sales.jpg" style="border-width: 1px; border-style: solid; margin: 1px; float: left; width: 650px; height: 701px;"></p> <p><img alt="" src="https://s3.amazonaws.com/files.usmre.com/5577/blog/Franklin%20County.jpg" style="border-width: 1px; border-style: solid; margin: 1px; float: left; width: 650px; height: 842px;"></p> <p><img alt="" src="https://s3.amazonaws.com/files.usmre.com/5577/blog/Pioneer%20Valley.jpg" style="border-width: 1px; border-style: solid; margin: 1px; float: left; width: 650px; height: 865px;"></p> Pioneer Valley Area Updates Market Statistics Franklin County Real Estate News Tue, 23 Jan 2018 22:01:29 -0500