About the REALTOR® Association of Pioneer Valley:

Organized in 1915, the REALTOR® Association of Pioneer Valley is a professional trade organization with more than 1,800 members. The

term REALTOR® is registered as the exclusive designation of members of the National Association of REALTORS® who subscribe to a strict

code of ethics and enjoy continuing education programs. Report run date:6/18/2019 K:\Communications & Marketing\News Releases\2019 News Releases (sales)\07-2019\2019-07 Real Estate Sales.docx

NEWS

RELEASE

REALTOR® Association of Pioneer Valley 221 Industry Avenue · Springfield, MA 01104

Tel| 413-785-1328 · Toll-Free| 877-854-6978 · Fax| 413-731-7125

rapv.com

Brendan Bailey, RCE, CIPS

Chief Executive Officer

brendan@rapv.com

Ayca Yavuz

Director of Communications & Marketing

Ayca@rapv.com

Kelly Bowman

President

kelly@trademarkre.net

July 2019 Single-Family Sales Report

Pioneer Valley sales down 3.5% · Median price up 4.8%

PIONEER VALLEY FRANKLIN COUNTY

Sales down 3.5% Median Price up 4.8% Sales up 2.9% Median Price down 4.7% 2018 2019 2018 2019 Closed Sales (units) 665 642 Closed Sales (units) 68 70 Median Sales (price) $229,000 $239,900 Median Sales (price) $224,450 $214,000

HAMPDEN COUNTY HAMPSHIRE COUNTY

Sales down 5.8% Median Price up 5.7% Sales down 0.6% Median Price up 11.3% 2018 2019 2018 2019

Closed Sales (units) 451 425 Closed Sales (units) 156 155

Median Sales (price) $210,000 $222,000 Median Sales (price) $287,500 $320,000

For editorial comment:

Kelly Bowman, President, 413-665-2155

Edward Alford, Immediate Past President, 413-535-3363

Franklin County: Kelly Bowman, President, 413-665-2155

Hampden County: Sue Drumm, President-Elect, 413-636-6945 or Elias Acuña, Treasurer, 413-626-4097

Hampshire County: Richard Sawicki, 2017 Past President, 413-549-2600

https://rapv.com/mailto:brendan@rapv.commailto:Ayca@rapv.commailto:kelly@trademarkre.net

About the REALTOR® Association of Pioneer Valley:

Organized in 1915, the REALTOR® Association of Pioneer Valley is a professional trade organization with more than 1,800 members. The

term REALTOR® is registered as the exclusive designation of members of the National Association of REALTORS® who subscribe to a strict

code of ethics and enjoy continuing education programs. Report run date:6/18/2019 K:\Communications & Marketing\News Releases\2019 News Releases (sales)\07-2019\2019-07 Real Estate Sales.docx

NEWS

RELEASE

REALTOR® Association of Pioneer Valley 221 Industry Avenue · Springfield, MA 01104

Tel| 413-785-1328 · Toll-Free| 877-854-6978 · Fax| 413-731-7125

rapv.com

Brendan Bailey, RCE, CIPS

Chief Executive Officer

brendan@rapv.com

Ayca Yavuz

Director of Communications & Marketing

Ayca@rapv.com

Kelly Bowman

President

kelly@trademarkre.net

July 2019 Key Points

Pioneer Valley Single-Family Homes

Sales – down 3.5 percent from 665 in July 2018 to 642 in July 2019.

Median Price - up 4.8 percent from $229,000 in July 2018 to $239,900 in July 2019.

Inventory of Available Property - down 26.1 percent from 1,953 homes for sale in July 2018 to 1,443

homes for sale in July 2019.

Supply - down 25.0 percent from 3.9 months of supply at the current rate of sale by the end of July 2018

to 2.9 months of supply at the current rate of sale by the end of July 2019.

Days on the Market – down 4.7 percent from 56 average number of days on the market in July 2018 to 53

average number of days on the market in July 2019.

Pending Sales (under agreement to sell) - up 18.2 percent from 578 listings pending sale in July 2018 to

683 listings pending sale in July 2019.

Mortgage Rates:

o 30-year fixed-rate mortgage (FRM) averaged 3.77 percent with an average 0.6 points for the

week ending 7/31/2019. Last year at this time the 30-year FRM averaged 4.53 percent with an

average 0.5 points. (Source: www.FreddieMac.com)

Editors and reporters: Please note that the term Realtor® is properly spelled with an initial capital “R”, per the Associated Press Stylebook, or

spelled in all capital letters and is a registered trademark of the National Association of REALTORS®.

https://rapv.com/mailto:brendan@rapv.commailto:Ayca@rapv.commailto:kelly@trademarkre.net

2018 2019 + / – 2018 2019 + / –

Pending Sales 578 683 + 18.2% 3,668 3,853 + 5.0%Closed Sales 665 642 - 3.5% 3,299 3,268 - 0.9%Median Sales Price* $229,000 $239,900 + 4.8% $215,000 $225,000 + 4.7%Inventory of Homes for Sale 1,953 1,443 - 26.1% -- -- --Months Supply of Inventory 3.9 2.9 - 25.0% -- -- --Cumulative Days on Market Until Sale 56 53 - 4.7% 71 72 + 1.0%Percent of Original List Price Received* 97.2% 97.4% + 0.2% 96.1% 96.2% + 0.0%New Listings 787 777 - 1.3% 5,047 4,893 - 3.1%

2018 2019 + / – 2018 2019 + / –

Pending Sales 96 84 - 12.5% 553 575 + 4.0%Closed Sales 105 88 - 16.2% 474 503 + 6.1%Median Sales Price* $167,000 $181,500 + 8.7% $162,000 $164,950 + 1.8%Inventory of Homes for Sale 241 172 - 28.6% -- -- --Months Supply of Inventory 3.2 2.3 - 28.0% -- -- --Cumulative Days on Market Until Sale 76 52 - 31.6% 89 76 - 15.0%Percent of Original List Price Received* 97.9% 97.4% - 0.5% 97.1% 96.5% - 0.6%New Listings 88 86 - 2.3% 639 642 + 0.5%

All data from the Berkshire County Multiple Listing Service, Cape Cod & Islands Association of REALTORS®, Inc. and MLS Property Information Network, Inc. Provided by MAR. Report © 2019 ShowingTime.

Median Sales Price BASED ON A ROLLING 12-MONTH AVERAGE

Entire State Entire State

REALTOR® Association of Pioneer Valley REALTOR® Association of Pioneer Valley

A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

Single-Family Properties

Condominium Properties

July Year to Date

July Year to Date

- 26.4%

Local Market Update – July 2019A RESEARCH TOOL PROVIDED BY THE MASSACHUSETTS ASSOCIATION OF REALTORS®

REALTOR® Association of Pioneer Valley

- 5.2% + 4.0%Year-Over-Year

Change inClosed SalesAll Properties

Year-Over-YearChange in

Median Sales PriceAll Properties

Year-Over-YearChange in

Inventory of HomesAll Properties

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

$450,000

11-2007 5-2009 11-2010 5-2012 11-2013 5-2015 11-2016 5-2018

Single-Family Propertiesb

a

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

11-2007 5-2009 11-2010 5-2012 11-2013 5-2015 11-2016 5-2018

Condominium Propertiesb

a

Single-Family PropertiesKey Metrics 2018 2019 + / – 2018 2019 + / –

Pending Sales 77 84 + 9.1% 352 399 + 13.4%

Closed Sales 68 70 + 2.9% 302 330 + 9.3%

Median Sales Price* $224,450 $214,000 - 4.7% $204,000 $219,300 + 7.5%

Inventory of Homes for Sale 253 212 - 16.2% -- -- --

Months Supply of Inventory 4.9 4.2 - 14.3% -- -- --

Cumulative Days on Market Until Sale 78 77 - 1.3% 108 92 - 14.8%

Percent of Original List Price Received* 96.3% 94.7% - 1.7% 94.8% 94.0% - 0.8%

New Listings 90 82 - 8.9% 510 523 + 2.5%

Condominium PropertiesKey Metrics 2018 2019 + / – 2018 2019 + / –

Pending Sales 5 4 - 20.0% 22 27 + 22.7%

Closed Sales 6 2 - 66.7% 12 23 + 91.7%

Median Sales Price* $218,750 $197,500 - 9.7% $169,000 $195,000 + 15.4%

Inventory of Homes for Sale 13 10 - 23.1% -- -- --

Months Supply of Inventory 3.3 2.4 - 27.3% -- -- --

Cumulative Days on Market Until Sale 62 55 - 11.3% 56 117 + 108.9%

Percent of Original List Price Received* 100.4% 95.9% - 4.5% 99.4% 96.1% - 3.3%

New Listings 4 4 0.0% 25 28 + 12.0%

All MLS —

Franklin County —

A RESEARCH TOOL PROVIDED BY THE MASSACHUSETTS ASSOCIATION OF REALTORS®

Local Market Update – July 2019

All data from the Berkshire County MLS, Cape Cod & Islands Association of REALTORS®, Inc. and MLS Property Information Network, Inc. | Provided by MAR. | Powered by ShowingTime 10K.

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

July Year to Date

Year to Date

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

July

All MLS —Franklin County —

Franklin County

$250,000

$300,000

$350,000

$400,000

$450,000

$500,000

1-2007 1-2009 1-2011 1-2013 1-2015 1-2017 1-2019

Median Sales Price – Single-Family PropertiesRolling 12-Month Calculation

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

1-2007 1-2009 1-2011 1-2013 1-2015 1-2017 1-2019

Median Sales Price – Condominium Properties Rolling 12-Month Calculation

Single-Family PropertiesKey Metrics 2018 2019 + / – 2018 2019 + / –

Pending Sales 397 452 + 13.9% 2,547 2,673 + 4.9%

Closed Sales 451 425 - 5.8% 2,310 2,318 + 0.3%

Median Sales Price* $210,000 $222,000 + 5.7% $199,900 $210,000 + 5.1%

Inventory of Homes for Sale 1,212 835 - 31.1% -- -- --

Months Supply of Inventory 3.5 2.4 - 31.4% -- -- --

Cumulative Days on Market Until Sale 46 45 - 2.2% 62 64 + 3.2%

Percent of Original List Price Received* 97.6% 98.1% + 0.5% 96.5% 96.7% + 0.2%

New Listings 540 532 - 1.5% 3,449 3,315 - 3.9%

Condominium PropertiesKey Metrics 2018 2019 + / – 2018 2019 + / –

Pending Sales 58 56 - 3.4% 345 364 + 5.5%

Closed Sales 68 49 - 27.9% 305 327 + 7.2%

Median Sales Price* $133,500 $137,500 + 3.0% $140,000 $142,000 + 1.4%

Inventory of Homes for Sale 137 109 - 20.4% -- -- --

Months Supply of Inventory 3.0 2.3 - 23.3% -- -- --

Cumulative Days on Market Until Sale 89 44 - 50.6% 87 74 - 14.9%

Percent of Original List Price Received* 96.5% 97.2% + 0.7% 96.4% 96.0% - 0.4%

New Listings 50 55 + 10.0% 391 417 + 6.6%

All MLS —

Hampden County —

A RESEARCH TOOL PROVIDED BY THE MASSACHUSETTS ASSOCIATION OF REALTORS®

Local Market Update – July 2019

All data from the Berkshire County MLS, Cape Cod & Islands Association of REALTORS®, Inc. and MLS Property Information Network, Inc. | Provided by MAR. | Powered by ShowingTime 10K.

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

July Year to Date

Year to Date

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

July

All MLS —Hampden County —

Hampden County

$100,000

$200,000

$300,000

$400,000

$500,000

1-2007 1-2009 1-2011 1-2013 1-2015 1-2017 1-2019

Median Sales Price – Single-Family PropertiesRolling 12-Month Calculation

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

1-2007 1-2009 1-2011 1-2013 1-2015 1-2017 1-2019

Median Sales Price – Condominium Properties Rolling 12-Month Calculation

Single-Family PropertiesKey Metrics 2018 2019 + / – 2018 2019 + / –

Pending Sales 107 156 + 45.8% 793 824 + 3.9%

Closed Sales 156 155 - 0.6% 719 654 - 9.0%

Median Sales Price* $287,500 $320,000 + 11.3% $280,000 $290,750 + 3.8%

Inventory of Homes for Sale 489 400 - 18.2% -- -- --

Months Supply of Inventory 4.5 3.9 - 13.3% -- -- --

Cumulative Days on Market Until Sale 69 62 - 10.1% 83 86 + 3.6%

Percent of Original List Price Received* 96.8% 96.9% + 0.1% 95.8% 95.5% - 0.3%

New Listings 163 172 + 5.5% 1,130 1,103 - 2.4%

Condominium PropertiesKey Metrics 2018 2019 + / – 2018 2019 + / –

Pending Sales 32 24 - 25.0% 188 185 - 1.6%

Closed Sales 32 38 + 18.8% 160 154 - 3.8%

Median Sales Price* $211,200 $212,450 + 0.6% $205,000 $231,250 + 12.8%

Inventory of Homes for Sale 86 51 - 40.7% -- -- --

Months Supply of Inventory 3.3 2.2 - 33.3% -- -- --

Cumulative Days on Market Until Sale 50 64 + 28.0% 96 70 - 27.1%

Percent of Original List Price Received* 100.5% 97.8% - 2.7% 98.3% 97.6% - 0.7%

New Listings 34 27 - 20.6% 219 200 - 8.7%

All MLS —

Hampshire County —

A RESEARCH TOOL PROVIDED BY THE MASSACHUSETTS ASSOCIATION OF REALTORS®

Local Market Update – July 2019

All data from the Berkshire County MLS, Cape Cod & Islands Association of REALTORS®, Inc. and MLS Property Information Network, Inc. | Provided by MAR. | Powered by ShowingTime 10K.

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

July Year to Date

Year to Date

* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.

July

All MLS —Hampshire County —

Hampshire County

$100,000

$200,000

$300,000

$400,000

$500,000

1-2007 1-2009 1-2011 1-2013 1-2015 1-2017 1-2019

Median Sales Price – Single-Family PropertiesRolling 12-Month Calculation

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

1-2007 1-2009 1-2011 1-2013 1-2015 1-2017 1-2019

Median Sales Price – Condominium Properties Rolling 12-Month Calculation

2019-07 Real Estate SalesPioneer ValleyPioneer Valley

FranklinReport

HampdenReport

HampshireReport