Single Family Home Sales Report- January 2018
Franklin, Hampshire and Hampden Counties
Source - Realtor Association of the Pioneer Valley
Pioneer Valley Sales up 17.2% Median Price up 1.0%
Pioneer Valley all 3 Counties
Sales up 17.2% ~ Median Price up 1.0%
| 2017 | 2018 | |
| Closed Sales (units) | 343 | 402 |
| Median Sales Price | $195,000 | $197,000 |
Franklin County
Sales up 27.0% ~ Median Price down 2.1%
| 2017 | 2018 | |
| Closed Sales (units) | 37 | 47 |
| Median Sales Price | $189,000 | $185,000 |
Hampshire County
Sales down 5.6% ~ Median price up 1.2%
| 2017 | 2018 | |
| Closed Sales (units) | 89 | 84 |
| Median Sales Price | $242,000. | $245,,000 |
Hampden County
Sales up 26.2% ~ Median Price up 8.8%
| 2017 | 2018 | |
| Closed Sales (units) | 221 | 279 |
| Median Sales Price | $170,000 | $185,000 |
Days on Market on average 83 days down 11.3% in January 2018 from 94 days in January 2017
Pending sales - on average 392 up 8.9% in January 2018 from 360 in January 2017
Inventory of available single family homes - end of January 2018 1,162 down 32.6% to 1,725 end of January 2017
At the end of January 2018 there was a 2.5 month supply of inventory. At the end of January 2017 - 3.7 months of supply (6-8 months is considered balanced)
The market has consistantly experienced a drop in inventory.
Mortgage Rate - 4.15 in 2018 - 4.19 in 2017 - 30 year fixed rate (week ending Jan 25) source: www.FreddieMac.com
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