Home sales fall in county for 2013
Single-family home sales in Franklin County fell by more than 6.5 percent in 2013, the Realtor Association of the Pioneer Valley reported this week.
But while that decline in home sales, from 486 to 454, was an anomaly for the three western counties, with overall sales increasing by 2 percent, the average price of those homes that did sell was up by 8.8 percent, the largest increase of any county. The median price for those 454 homes was $185,000.
In neighboring Hampshire County, single-family home sales rose by 7 percent, with the median price rising by 4.2 percent, to $250,000.
For the Pioneer Valley overall, the association reported, the median price of homes sold in 2013 is up by just 1.6 percent over the median price of those sold in 2009.
The average interest rate for a 30-year, fixed-rate mortgage was 4.48 percent for the week ending Dec. 26, 2013, compared to 3.35 percent one year earlier.
When it comes to condominium sales Franklin County fared better, the association reported. Sales were up 20 percent, from 35 in 2012 to 42 in 2013, with the median sales price dropping 10.2 percent, from $172,900 to $155,250.