MAR (Massachusetts Association of REALTORS®) and the NAR (National Association of REALTORS®) released reports this week expressing confidence in the real estate market. I pulled some data from our local Multiple Listing Service and my small snap-shot does make me confident our spring market is looking good.
In January 2012 Franklin County (single family/condos) closed properties were down slightly (14.6%) over January 2011, while there was an increase in properties that went under agreement (25.7%). Hampshire County is showing the same type of movement with closed (single family/condos) properties down in January 2012 (19.8%) with an increase in properties that went under agreement (31.7%).
I took a look at the average sale price for this January over last January and found Franklin County's average sale price decreased by 14.6% and Hampshire County was down by 19.8%. It may have taken the year to get there but prices are down.
Although recovery is down the road, the increase in properties under agreement in our real estate market shows promise for a good spring. The better than expected weather this winter have buyers looking. Yes, this may be your best time to find your new home; great prices, low interest rates and plenty of homes to choose from.
Everyone at Coldwell Banker Upton-Massamont REALTORS® looks forward to assisting you with your real estate needs. Stop by, give us a call or go to our website to see why we are the leading agency in Western Massachusetts.