What a difference a year can make. Inventory is at an all time low and average sales price is on the rise.
Franklin County sales were up 36.4% and the median price went up by 45.8% in February, 2018 compared to February, 2017. The sales and median price also increased in both Hampshire and Hampden County.
Inventory of single family homes fell in Pioneer Valley 31.1 percent from 1,668 single family listings at the end of February 2017, to 1,149 single family listings at the end of February 2018.
The average days on market dropped 26.6% from 114 days in February 2017 to 84 days in February 2018. Listings which are pending (under agreement to sell) are up 17.2 percent from 361 in February 2017 to 423 in February 2018.
The following reports are provided by the Realtor Association of Pioneer Valley.