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  • Coldwell Banker Upton Massamont RealtorsColdwell Banker Upton Massamont Realtors
    Friday, August 26, 2011 9:16:00 AM

    This week headlines for the real estate industry remain optimistic as the Massachusetts Association of REALTORS "July Sales Up for the First Time in 6 Months”.  If you are in a position to purchase a home, now could be the time to buy.  Read more…

    The National Association of REALTORS called on Washington to hold a summit of policy makers, industry leaders and government stake holders focused on revitalizing the nations’ housing market and support an economic recovery.  Read more…

    Local Real Estate sales for the last 30 days share the MAR optimism the market could be leveling off. Hampshire county single family sales actually rose in number of sales by 28% with an increase in sale price of 13%.  In Franklin County the actual number of sales increased 21% however the sale price remained virtually the same. I quickly noticed, howver, the days on market have increased substantially in both markets.

    Franklin Cty.-SF No. of Sales Avg. Sale Price Days on Market
    7/26/2010-8/25/2010

     49

     $224,864

     148.6

    7/26/2011-8/25/2011

     62

     $223,060

     169.9

    Hampshire Cty.-SF
    No. of Sales
    Avg. Sale Price
    Days on Market
    7/26/2010-8/25/2010
    83
    $272,094
    91
    7/26/2011-8/25/2011
    115
    $312,187
    121.05

    When reviewing information over a larger span of time, the market still shows sale prices could be leveling off. With  research for the last 6 months, we find the Franklin County sale price for a single family home again virtually stayed the same and in Hampshire County the sale price rose 5.4%. So, if you are in a position to purchase, now may be the time to consult your Coldwell Banker Upton-Massamont agent for more information.

    Tags: Real estate news , Franklin County , Hampshire County , Greenfield , Northampton , Shelburne , homes for sale , CBUMR
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