2017 Single Family Home -Year End- SalesReport

By
Real Estate Broker/Owner with FITZGERALD Real Estate 9500521

2017 Single Family Homes - Year End - Sales Report

Pioneer Valley- Massachusetts

Franklin, Hampshire and Hampden Counties

Source - Realtor Association of the Pioneer Valley

 

Pioneer Valley Sales up 1.7% Median Price up 4.5% 

 

Franklin County

Sales up 3.0% ~ Median Price up 2.3%

  2016 2017
Closed Sales (units) 626 645
Median Sales Price $199,500 $204,000

 

Hampshire County

Sales down 3.4% ~ Median price up 4.1%

  2016 2017
Closed Sales (units) 1308 1263
Median Sales Price $261,300. $272,000

 

Hampden County

Sales up 3.6% ~ Median Price up 5.5%

  2016 2017
Closed Sales (units) 4000 4142
Median Sales Price $180,000 $189,900

 

  • Days on Market - on average: 104 days - 2016 down - 24% to 78 days in 2017
  • Pending sales -  on average:  5,912 in 2016 - up 4.3%  - 6,167 in 2017
  • Mortgage Rate3.99 in 2017 - 4.32 in 2016 - 30 year fixed rate                                                          (week ending Dec. 29) source  www.FreddieMac.com

The market has consistantly experienced a drop in inventory. 

At the end of December 2017 there was a 2.5 month supply of inventory. 

At the end of December 2016 - 3.7 months of supply 

(6-8 months is considered balanced)

 

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/Users/corinnefitzgerald/Library/Containers/com.microsoft.Outlook/Data/Library/Caches/Signatures/signature_959790103FITZGERALD Real Estate  

Corinne A Fitzgerald
AHWD, CBR, CHMS, CIPS, CRS, GRI, PMN
FITZGERALD Real Estate
116 Federal Street
Greenfield, MA 01301
413-320-9509  cell/text
413-376-4433 direct office line

 Corinne@Realtor.com
 2015 President - Massachusetts Association REALTORS®
         2012 President – REALTOR® Association of the Pioneer Valley

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singe family home sales pioneer valley
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Rainmaker
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Susan Jacobsen
The Alliance Group Realty - Hilton Head Island, SC
20 Years Providing WOW Real Estate Service

Connie - great job - clear, concise, interesting and good information! Happy selling season!

Jan 29, 2018 02:30 PM #1
Rainmaker
67,726
Corinne Fitzgerald
FITZGERALD Real Estate - Greenfield, MA
Realtor/Broker/Owner, FITZGERALD Real Estate

Thank you Susan. Hope you have more inventory then up here in NE

Jan 29, 2018 03:19 PM #2
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Corrine, the lack of inventory continues to be the story as we being the 2018 selling season.  I keep hoping we'll see more...such a Catch 22. Sellers worried they won't find a replacement home and decide to stay put - buyers outnumbering the available properties...argh. 

Feb 02, 2018 08:32 AM #3
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Rainmaker
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Corinne Fitzgerald

Realtor/Broker/Owner, FITZGERALD Real Estate
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