May Pioneer Valley single-family home sales show market continues to improve Reply

The Pioneer Valley real estate market continues to improve.

Single-family home sales in the Pioneer Valley increased again in the month of May when compared to the same time last year, according to the REALTOR® Association of Pioneer Valley (RAPV). Median prices were down 1.3%, however.

Hampshire County saw the biggest increase in home sales with a 44.3% jump, but it also had the biggest drop in median sales price at 4.8%. There were 101 closed sales in May 2012 with a median sale price of $235,000.  In May 2011, there were 70 single-family homes sold with a median sales price of $246,750.

In Hampden County, there was a 26.9% climb in home sales in May 2012 when compared with May 2011. In May 2012, 288 single-family homes sold with a median sales price of $165,450. Last year, there were 227 homes sold with a median sales price of $165,000.

Sales in Franklin County saw a slight increase in single-family home sales of 3.4% with median home sales dropping .3%. In May 2012, there were 30 single-family homes sold with a median sales price of $176,375. Last year in May, there were 29 homes sold with a median sales price of $177,000.

Although the Massachusetts Association of REALTORS®(MAR) is boasting 13 straight months of increases in pending home sales throughout the commonwealth, the Pioneer Valley is boasting five consecutive months of double-digit increases. RAPV reported that there was a 13.2% jump in pending home sales in May 2012 when compared with May 2011―from 500 to 566, respectively.

RAPV May sales stats as compared with May 2011.

              County               Sales                 Median Prices
          Hampshire             Up 44.3%                    Down  4.8%
           Hampden             Up 26.9%                         Up .3%
            Franklin             Up 3.4%                      Down .3%

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