Franklin County home sales show strength compared to Mass.
Home sales in Franklin County have made modest gains over the past five months, besting the statewide picture.
Sales of single-family homes were up slightly — by one house — for May, compared to May 2013, although they declined by three sales in April and one house in March, the Realtor Association of the Pioneer Valley reported.
For January and February, home sales were up a combined 57.8 percent in Franklin County.
Franklin County’s very slight increase for May contrasted with a 12.2 percent decrease for the Pioneer Valley as a whole and was the only county that didn’t lose ground from May 2013 sales. In Hampshire County, sales were down nearly 21 percent.
For the entire region, however, the median price was up 2.8 percent from a year ago, but the median price for the 40 homes sold in Franklin County was $177,500 — down 5.1 percent from May 2013. The median price for a home across the three-county region has risen from $187,000 a year ago to $205,000 this May.
There was a 7.6-month supply of homes on the market in the three-county area at the end of May, compared with a six-month supply at the end of May 2013, with the average days on the market dropping 12 percent, from 151 in May 2013 to 133 in May this May.
The 7 percent decline in single-family home sales statewide, from May 2013, represented the fourth consecutive down month, the Warren Group reported.
The Boston-based publisher of the trade publication Banker and Tradesman, which compiles its data slightly differently that the Springfield-based Realtor Association, showed a 16.7 percent increase in Franklin County home sales for the first five months of this year, with a corresponding 4.75 percent decline in the median price based on those 175 homes, to $173,600.
“Single-family sales volume is still slipping. Most of these May closings went under agreement in March at the start of the spring selling season, and we’ll see sales reach their peak in July,” said Timothy M. Warren Jr., CEO of The Warren Group. “Low inventory and lingering winter weather in March may have depressed the number of sales, but the rising median price tells me that the market is recovering nicely.”
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