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Positive Real Estate Market Trends for the Pioneer Valley



According to a recent press release on the RAPV website, we are seeing some (mostly) positive trends in real estate for the Pioneer Valley.


See the details below:


Sales--Up 8% percent from 299 in April 2013, to 323 in April 2014.


Median Price-- Up 2.8 percent from $180,000 in April 2013, to $185,000 in April 2014.


Inventory of available property--Inventory is up 5.5 percent from 2,342 single family list-ings at the end of April 2013, to 2,471 single family listings at the end of April 2014.


Supply--At the end of April 2013 there were 7.8 months of supply at the current rate of sale. At the end of April 2014 there were 7.6 months of supply at current rate of sale.


Days on Market--The average days on market is up 15.6 percent from 141 days in April 2013 to 163 in April 2014.


Pending Sales--Listings which are under agreement to sell are down 5.2 percent--from 592 in April 2013 to 561 in April 2014.


A Five-Year View--The median price is up 2.2 percent--from $181,000 in April 2009 to $185,000 in April 2014


Mortgage Rates 30-year fixed-rate mortgage (FRM) averaged 4.33 percent with an average 0.6 points for the week ending April 24, 2014. Last year at this time the 30-year FRM averaged 3.40 percent with an average 0.8 points. (Source:


If you are thinking about selling your home, contact one our agents at Maple and Main Realty.  Armed with the information we will provide about the likely market value of your home, you will be able to decide if and when the time is right to list your home for sale on the open market.