According to the Massachusetts Association of REALTORS® (MAR), improved pending home sales in the month of April are up for 12th straight month when compared to the same time in 2011.
The last time the real estate market has observed this kind of activity was during 2010, when the tax credit was in play.
Any REALTOR® who is out there in the trenches, like me, is seeing the increase in market activity. This is usually the case in the spring, but there is a marked difference between last year and this year. The phones are ringing more often with buyers looking to see property.
“The number of single-family homes put under agreement in April was up 35.6 percent compared to the same time last year (*3,529 homes in 2011 to 4,784 homes in 2012). This is the 12th straight month of year-over-year increases. On a month-to-month basis, single-family homes put under agreement went up 5.9 percent from 4,519 homes in March.
The number of condos put under agreement in April was up 30.9 percent compared to April 2011 (*1,435 units in 2011 to 1,878 units in 2012). On a month-to-month basis, condos put under agreement were up 1.3 percent from 1,854 units in March.
There were a total of 13,773 single-family homes put under agreement from January-April, 2010, the last four months to take advantage of the home buyer tax credit. Over the same four months in 2012 (without the availability of the home buyer tax credit), there were a total of 15,517 single-family homes put under agreement, for a 12.6 percent increase.”
Specializing in western Mass real estate, call Michael Seward if you are looking to buy or sell a home in the Pioneer Valley at 413-531-7129. I will work hard to help you achieve your goals.