Posted by: RAPV | March 4, 2012

Jan SF sales climb 3.7% across the state

Statewide SF Sales and Median Price – Sales across the state rose 3.7 percent, from 2,299 SF homes sold in January 2011 to 2,385 in January 2012.  The statewide median price dropped 5 percent to $265,000 from $279,000 in January 2011.  

What does it mean for us?  It’s great news.  Historically, the Pioneer Valley has followed by a few months market trends in other parts of the state.  For once, perhaps the headlines are getting it right: “Supply-side correction continues,” “Home buyer demand strengthening,” “Market heads toward balance,”  There is a very real sense that the landscape is shifting.  With the state sales on the rise and our January listings-under-agreement up 28.4 percent we may be in for a turn around.  We don’t want to overstate the case, as the spring market will be the real test.

To read the compete statewide report click on January 2012 housing release.

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Responses

  1. Excellent stats…and just at the right time of year!


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