There Is Some Positive News!

After reading the latest news from the Realtor Association of the Pioneer Valley I was happy to see that there is some good news for our local market. Hampshire county sales fell 29.3% in the 2nd quarter of 2008 as compared with the second quarter of 2007 but the median average price went up in several towns within the county; Amherst, Easthampton and Northampton. Franklin county sales fell 27% and Hampden County sales fell 17.9% yet once again several communities experienced gains in the median average price including Chicopee, East Longmeadow, Longmeadow, Wilbraham, Westfield and Deerfield.

What this says to me is that a big factor in our local market has been a lack of good inventory. Statistics aside, I know I have personally experienced buyers who are frustrated with the lack of options in the market in some price ranges. I have had a few buyer/clients this spring and summer who have put buying a home on hold and have moved into the rental market. This is such a shame with the great interest rates that are currently available. The problem is that many sellers are holding back listing their properties because of the fear that their home is worth less today. As these statistics suggest that is simply not true in many local towns. What our local real estate market needs is some fresh saleable listings.....trust me the buyers are out there let's give them something to get excited about!

My New Blog

WELCOME!

Welcome everyone to my new Blog. Well as you can see I am new to blogging so my blog isn't very exciting yet but stay tuned I am working on it! My plan is to develop a site where people can get up to date information on the real estate market in the Pioneer Valley. I hope to be able to keep people informed as well as to provide some very helpful real estate links. I look forward to learning as I go with this since I am a real estate expert and not a tech genius!