LOW INVENTORY OF SINGLE FAMILY HOMES FOR SALE
According the the MLSPIN (Pioneer Valley chapter of MLS), there were 61 single family homes listed for sale between March 1st and May 1st of 2016 alone. Here we are in mid April of 2017, and there are only 45 single family homes on the market in Northampton. Some of these are new construction opportunities, and some are already under agreement.
Pictured Above, 32 Liberty Street in Northampton, MA
Agents within our office have anecdotes of packed open houses, with multiple offers being submitted and buyers being outbid on the few houses that have come on the market this spring. This article from realestate.boston.com confirms that housing inventory in Massachusetts is at an all-time low.
Whatever the factors are behind the dearth of new single-family listings - the fact is that now is a great time to sell! Buyers are eager to buy, interest rates are still low. So, if you are a seller thinking about possibly selling your home - the first step is to reach out to your agent to find out what our opinion of market value would be. There is no question that the demand is high, and many houses are selling for above asking price in this climate. Contact us today to set up your comparative market analysis!