Single Family Home Sales Report- February 2018
Franklin, Hampshire and Hampden Counties
Source - Realtor Association of the Pioneer Valley
Pioneer Valley Sales up 27.4% Median Price up 8.3%
Pioneer Valley all 3 Counties
Sales up 17.2% ~ Median Price up 1.0%
| 2017 | 2018 | |
| Closed Sales (units) | 237 | 302 |
| Median Sales Price | $179,950 | $194,900 |
Franklin County
Sales up 36.4% ~ Median Price up 45.8%
| 2017 | 2018 | |
| Closed Sales (units) | 22 | 30 |
| Median Sales Price | $144,000 | $210,000 |
Hampshire County
Sales up 23.6% ~ Median price up 7.9%
| 2017 | 2018 | |
| Closed Sales (units) | 47 | 60 |
| Median Sales Price | $244,000. | $285,000 |
Hampden County
Sales up 27.7% ~ Median Price up 16.8%
| 2017 | 2018 | |
| Closed Sales (units) | 174 | 215 |
| Median Sales Price | $165,000 | $178,000 |
Days on Market on average 84 days down 26.6% in February 2018 from 114 days in February 2017
Pending sales - on average 423 up 17.2% in February 2018 from 361 in February 2017
Inventory of available single family homes - end of February 2018 1,149 down 31.1% to 1,668 end of February 2017
At the end of February 2018 there was a 2.2 month supply of inventory. At the end of February 2017 - 3.4 months of supply (6-8 months is considered balanced)
The market has consistently experienced a drop in inventory.
Mortgage Rate - 4.40 in 2018 - 4.16 in 2017 - 30 year fixed rate (week ending Feb 22) source: www.FreddieMac.com
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