Single Family Home Sales for the Pioneer Valley, Franklin County, Hampshire County, Hampden County in February 2013 drop 0.9% ever so slightly from 223 in February 2012 to 221 while the Median price rose 7.1% from $155,000 in February 2012 to $166,000 in February 2013.The Inventory for single family listings Dropped 10.6% from 2,417 at the end of February 2012 to2,161 single family listings at the end of February 2013.
The supply of single family homes for sale in the Pioneer Valley, Franklin, County Hampshire County, Hampden County at the end of February 2012 there were 10.8 months of supply at the current rate of sale. At the end of February 2013 there was a 9.8 month supply. The average days on market for Single Family Home for Sales in the Pioneer Valley, Franklin County, Hampshire County, Hampden County a rose 3.3%, from 151 in February 2012 to 156 in February 2013.
Listings Under Agreement decreased of 15.9%; from 403 in February 2012 to 339 in February2013. Single Family Home Sales for the Pioneer Valley, Franklin County, Hampshire County, Hampden County February 2013 continue to be strong in part from the 30-year fixed-rate mortgage is still extremely low. It averaged 3.51 percent for the week ending February 28, 2013 Last year at this time the 30-year FRM averaged 3.95 percent according to Freddie Mac.
With the inventory low as it is now, it is a great time for a homeowner who have waited for the market to turn to sell their house. The competition is the lowest it has been in years. Buyers are enjoying record low interest rate and are just waiting for the right home to come on the market!