Single Family Home Sales Report- March 2018
Franklin, Hampshire and Hampden Counties
Source - Realtor Association of the Pioneer Valley
Pioneer Valley Sales down 15.4% Median Price up 7.5%
Pioneer Valley all 3 Counties
Sales down 15.4% ~ Median Price up 7.5%
| 2017 | 2018 | |
| Closed Sales (units) | 422 | 357 |
| Median Sales Price | $188,750 | $203,000 |
Franklin County
Sales down 14.6% ~ Median Price up 20.6%
| 2017 | 2018 | |
| Closed Sales (units) | 41 | 35 |
| Median Sales Price | $175,000 | $211,000 |
Hampshire County
Sales even ~ Median price up 7.3%
| 2017 | 2018 | |
| Closed Sales (units) | 71 | 71 |
| Median Sales Price | $273,000. | $253,000 |
Hampden County
Sales down 19.7% ~ Median Price up 8.3%
| 2017 | 2018 | |
| Closed Sales (units) | 314 | 252 |
| Median Sales Price | $175,000 | $189,450 |
Days on Market on average 95 days down 5.4% in March 2018 from 101 days in March 2017
Pending sales - on average 598 up 11.6% in March 2018 from 536 in March 2017
Inventory of available single family homes - end of March 2018 1,147 down 32.2% to 1,691 end of March 2017
At the end of March 2018 there was a 2.3 month supply of inventory. At the end of March 2017 - 3.5 months of supply (6-8 months is considered balanced)
The market has consistently experienced a drop in inventory.
Mortgage Rate - 4.44 in 2018 - 4.20 in 2017 - 30 year fixed rate (week ending March 31, 2018) source: www.FreddieMac.com
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