Posted by: RAPV | November 24, 2014

First-Time Buyers’ Market Share Still Down Nationwide

Despite an improving job market and low interest rates, the share of first-time buyers fell to its lowest point in nearly three decades and is preventing a healthier housing market from reaching its full potential, NAR’s annual Profile of Home Buyers and Sellers finds. The survey additionally found that an overwhelming majority of buyers search for homes online and then make their purchase through a real estate agent.

SALES – Single family sales in the 3-county Pioneer Valley area of Massachusetts rose 6.3 percent in October.  There were 471 sales this October compared to 443 in October 2013.  This is the third straight month that single family sales have increased.

MEDIAN PRICE was $195,000 which is up 5.4 percent from $185,000 in October 2013.  The  median price has increased 8 out of the last 10 months.

Read the full report which includes inventory levels, supply at current rate of sale, days on market, and listings under agreement.

County reports will vary.

Posted by: RAPV | November 18, 2014

Pending Sales Growth Stays Strong Across Massachusetts

October Future Indicators Report: Pending Sales Growth Stays Strong

The Massachusetts Association of REALTORS® (MAR) reported this week that pending sales of single family home sales were up for the 20th straight month according to October Future Indicators Report.  The report indicated there was a 23.5 percent increase is accepted offers compared to the same month the year before.  Pending sales for the REALTOR® Association of Pioneer Valley rose .8 percent in October, from 514 single family homes in October 2013 to 518 in October 2014.

The economy is recovering, household wealth is at its highest level ever, and the housing market is improving, but until lenders increase access to credit, sales will continue to underperform and demand will remain pent up, NAR Chief Economist Lawrence Yun said at the NAR conference in New Orleans last week. Read a summary of his remarks and access detailed charts.

The upcoming NAR Conference will include a silent auction to benefit the REALTORS® Relief Foundation, from November 7-9.    You can register now to bid at Bidding for Good

The REALTOR® Association of Pioneer Valley’s Community Service Committee has donated a $250 Amazon gift card.  The Massachusetts Association of REALTORS® and several other local associations, companies and individual REALTORS® also have donated items. 

Please be sure to urge fellow REALTORS®, your family and friends to bid early and often.  Proceeds benefit the many worthy activities supported by NAR’s REALTORS® Relief Foundation.  The Relief Foundation was here for us in June 2011 after a devastating tornado hit western and central Massachusetts.  Funds from the Relief Foundation helped make the clean-up and recovery a bit easier for area victims.

 

SALES – Single family sales in the 3-county Pioneer Valley area (MA) rose 9.8 percent in September 2014.  There were 446 sales this September compared to 406 in September 2013.

MEDIAN PRICE was $194,700 which is up 2.5 percent from $190,000 in September 2013.

Read the full report which includes inventory levels, supply at current rate of sale, days on market, and listings under agreement.

County reports will vary.

Posted by: RAPV | September 29, 2014

August 2014 single family sales for Pioneer Valley (MA)

SALES – Single family sales in the 3-county Pioneer Valley area (MA) rose 8.1 percent in August 2014.  There were 558 sales this August compared with 516 in August 2013.

MEDIAN PRICE was $205,000 which is down 1.2 percent from $207,500 in August 2013.

Read the full report which includes inventory levels, supply at current rate of sale, days on market, and listings under agreement.

County reports will vary

Posted by: RAPV | August 20, 2014

July 2014 Single Family Sales Report

SALES – July 2014 single family sales were down 5 percent in the 3-county Pioneer Valley area (MA). There were 490 sales this July compared to 516 in July 2013.

MEDIAN PRICE was $200,000 which is down 2.4 percent from $205,000 in July 2013.

Read the full report which includes inventory levels, supply at current rate of sale, days on market, and listings under agreement.

County reports will vary.

16 members of the Realtor® Association of Pioneer Valley recently traveled to Boston to participate in the 29th annual “Realtor® Day on Beacon Hill” activities conducted by the Mass. Association of Realtors® (MAR) on June 11.  We visited W. Mass. legislators to lobby for the MAR legislative agenda.

Read all about it, see the list of members who attended, and a photo with Rep. Stephen Kulik (D. 1st Franklin District).

Posted by: RAPV | July 22, 2014

June single family real estate sales up 2.4%

SALES – June 2014 single family sales were up 2.4 percent in the 3-county Pioneer Valley area (MA). There were 507 sales this June compared to 495 in June 2013.

MEDIAN PRICE was $205,000 which was up 2.5 percent from $200,000 in June 2013.  This is the sixth straight month of median price increases.

Read the full report which includes inventory levels, supply at current rate of sale, days on market and listings under agreement.

County reports will vary.

SALES – May 2014 single family home sales dropped 12.2 percent in the 3-county Pioneer Valley area (MA).  There were 375 sales this May compared to 427 in May 2013. 

MEDIAN PRICE was $205,000 which was up 2.8 percent from $199,500 in May 2013.  This is the fifth straight month of median price increases.

Read full report

County reports will vary.

This year marks the 40th year the Realtor® Association of Pioneer Valley has awarded scholarships to area high school graduates about to enter college. Nineteen students were awarded a total of $11,500. They were honored at a banquet held June 10th at Storrowton Carriage House in West Springfield MA. Since 1992, four hundred and twenty-two students have been awarded $242,281 in scholarships from the Realtor® Association.

Read about these young people and where they plan to attend college.

Posted by: RAPV | May 28, 2014

Massachusetts named smartest state in the nation

Massachusetts named smartest state in the nation

Residents of Massachusetts, hold your well-educated head high. The Commonwealth has been named the smartest state in the nation. In the list ” The 10 Smartest States in America ,” the website The Street compared education levels, income and standardized testing scores.

The report considered the following data:

  • Percent of population with bachelor’s degrees: 38.2 percent
  • 2013 median household income: $65,339
  • 2013 Average SAT score: 1553

SALES - Single-family sales rose 8 percent in the 3-county Pioneer Valley area (MA) in April.  There were 323 sales this April compared to 299 in April 2013. 

MEDIAN PRICE – The median price was $185,000 which was up 2.8 percent from $180,000 in April 2013.  This is the fourth straight month of median price increases.

INVENTORY of available property for sale increased 5.5 percent to 2,471 single-family listings.

Read the full report.  County numbers will vary.

 

The Mass. Association of Realtors (MAR) reported today that while a general shortage of homes for sale pushed sales down and prices up in March, the spring market is starting to come to life.  The number of new listings of single family homes in March increased 12% over the same time last year.

Here is a link to the statewide March 2014 housing release that was issued by MAR.

Statewide single family sales were down 11.5% in March.   The single family median price was up 8.3% to $314,063.  For a comparable: Pioneer Valley March sales were down 19.3%.  The median price was up 4.2% to $184,750.

SALES - March 2014 home sales dropped 19.3 percent in the 3-county Pioneer Valley area (MA).  There were 242 sales this March compared to 300 in March 2013.  March capped off a storm-ridden winter which impacted the number of closed sales.  The addition of new mortgage financing regulations also had an impact to delay some closings.

MEDIAN PRICE – The median price was $184,750 which was up 4.2 percent from $177,250 in March 2013.  This is the third straight month of median price increases.

PENDING SALES - Listings under agrement to sell are up 28 percent, from 385 in March 2013 to 493 in March 2014.  A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale is usually finalized within one or two months of signing. 

INVENTORY of available property for sale increased 4 percent.

Read the full report.  County reports will vary.

 

 

 

Posted by: RAPV | March 27, 2014

President Obama Signs Law Curbing Flood Hikes

NAR-backed legislation limiting how much flood insurance premiums can rise per year was signed into law last week. Premium hikes are limited to 25 percent a year and the federal government must reimburse homeowners who have seen excessive premium hikes. The law also takes aim at inaccurate rate hikes. The entire MA congressional delegation supported the legislation. In a statment, NAR President Steve Brown thanked REALTORS® for their 300,000 letters to lawmakers urging passage.

Posted by: RAPV | March 19, 2014

Congress Passes Bill to Slow Flood Insurance Hikes

NAR-backed legislation that puts the brakes on skyrocketing flood insurance premium hikes passed Congress last week and is expected to be signed by President Obama. The “Homeowner Flood Insurance Affordability Act,” H.R. 3370, generally limits any annual increase to 18 percent on newer homes and 25 percent on some older ones. The bill also charges a temporary assessment to help the Federal Emergency Management Agency (FEMA) improve its financial picture. Summary.

Posted by: RAPV | March 11, 2014

Feb real estate sales for Pioneer Valley (MA)

February 2014 home sales were down for the second straight month.  There were 211 single-family homes sold in February, a 5.8 percent decrease from the 224 sold the same time last year.  Median price closed up for the second straight month.  The median selling price was $170,000 which was up 2.6 percent from $165,750 in February 2013.  Inventory of SF-homes decreased 1.2 percent.  Buyer demands for homes pushed pending sales up 8 percent in February.

Read the complete report.  County numbers will vary. 

Posted by: RAPV | March 6, 2014

Real Estate and Economic Outlook

Dr. Lawrence Yun, NAR Chief Economist and Senior VP of Research, made a presentation at NAR’s New England Regional Committee Conference on Feb 27.  The presentation, Real Estate & Economic Outlook, includes a national overview and data specific to the six New England states. Excellent material.

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