Low inventory a challenge for Amherst and Five Colleges area home shoppers Reply

Single-family inventory is low in Amherst and other Five Colleges area towns, but buyers are still out looking to make a purchaseSo if you are planning on selling your home, don’t wait until Spring.  Now is the time to list your property for sale.

There were only 53 single-family listings in Amherst as of January 29.   Other area cities and towns also have a low inventory.   Across the river in Northampton, there are only 71 single family homes currently on the market.   Belchertown has only has 61 single-family homes on the market, Pelham has 10 homes on the market, and Leverett has only 3 single family homes on the market.

The number of single-family homes currently on the market as of 1/29/13 by town

Amherst  53 Pelham 10
Belchertown 61 South Hadley 67
Granby 25 Deerfield 21
Easthampton 36 Leverett 3
Hadley 14 Shutesbury 17
Hatfield 10 Sunderland 14
Northampton 71 Whately 8

Low inventory is not unique to the towns of the Five Colleges area.  USA Today recently reported that low inventory is a national trend and has reached the lowest level in more than seven years, despite demand being up.  Existing home sales were up 9.2% nationally in 2012 and single-family home sales were up 17.6% in the Pioneer Valley.

Buyers may be motivated by the fact economists are forecasting that interest rates will rise above 4% this year and want to take advantage of present day interest rates.

So if you planning on selling your home, and since home buyers are using the internet to shop for a home, make your first call to Michael Seward at 413-531-7129 for the best internet real estate market in the Pioneer Valley.

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