Nov 2012 real estate market trends report for the Pioneer Valley of Western MA including: Hampden, Hampsire, Franklin counties.

1. News REALTOR® ASSOCIATION OF PIONEER VALLEY, INC.
The Western New England Center for Real Estate Services
221 Industry Avenue Springfield, MA 01104
Release
413-785-1328 phone 877-854-6978 toll-free 413-731-7125 fax
www.rapv.com - www.pvrealtor.wordpress.com
Ben Scranton, RCE, ePRO, Chief Executive Officer, Ben@rapv.com
November 2012 Single Family Sales Report
Pioneer Valley sales jump 10.3% Median price down 3.4% to $178,000
Pioneer Valley Franklin County
sales jump 10.3% · median price down 3.4% sales jump 44.4% · median price down 20.6%
Nov. 2011 Nov. 2012 Nov 2011 Nov 2012
Closed Sales (units) 358 395 Closed Sales (units) 36 52
Closed Sales ($Vol) 77,651,667 78,139,944 Closed Sales ($Vol) 7,494,692 9,336,000
Average Sales Price 216,904 197,823 Average Sales Price 208,186 179,538
Median Sales price 184,250 178,000 Median Sales Price 201,500 160,000
Hampden County Hampshire County
sales rise 11.1% - median price down 2.4% Sales climb 5.7% · median price up 0.3%
Nov 2011 Nov 2012 Nov 2011 Nov 2012
Closed Sales (units) 235 261 Closed Sales (units) 87 82
Closed Sales ($Vol) 45,455,932 45,866,404 Closed Sales ($Vol) 24,701,043 22,937,540
Average Sales Price 193,429 175,733 Average Sales Price 283,920 279,726
Median Sales price 165,000 161,000 Median Sales Price 259,000 260,000
For editorial comment contact:
Corinne Fitzgerald, 2012 President • 413-774-6371 or 413-320-9509
Brian Sears, 2012 President-Elect • 413-413-785-1636 or 413-237-9399
Vincent Walsh, 2011 President • 413-748-6155
Franklin County: Corinne Fitzgerald, 2012 President • 413-774-6371 or 413-320-9509,
Mark Abramson, 2009 President • 413-774-1200, Susan Renfrew 2008 President, Mass. Association of Realtors®
Hampshire County: Linda Rotti • 413-549-3700
Kevin Sears, 2010 President, Mass. Association of Realtors® • 413-348-9631
Mission
To be the business an public policy advocate for REALTORS®.
Proper use of the trademark term REALTOR® as stated in the Associated Press Stylebook is to capitalize the first letter ‘R’ in the word with the trademark ® at the end
of the word, such as Realtor® All caps is also acceptable, such as REALTOR®. REALTOR® is a registered trademark which identifies a professional in the real estate
industry who subscribes to a strict Code of Ethics as a member of the NATIONAL ASSOCIATION OF REALTORS®.
k:NewsReleasesONov2012

2. News
REALTOR® ASSOCIATION OF PIONEER VALLEY, INC.
The Western New England Center for Real Estate Services
221 Industry Avenue Springfield, MA 01104
413-785-1328 phone 877-854-6978 toll-free 413-731-7125 fax
Release www.rapv.com—www.pvrealtor.wordpress.com
Ben Scranton, RCE, ePRO, Chief Executive Officer, Ben@rapv.com
November 2012
Pioneer Valley Single-Family Homes — Key Points
Inventory— Dropped 7.4 percent from 2,763 single family listings at the end of November
2011 to 2,559 single family listings at the end of November 2012.
Supply – At the end of November 2011 there were 7.7 months supply of inventory at the
current rate of sale. At the end of November 2012 there were 6.5 months of supply at cur-
rent rate of sale. The market is considered balanced when there is between 7.5 and 8.5
months of supply.
Days on Market - The average days on market for single-family homes decreased 0.5 per-
cent from 196 days in November 2011 to 195 days in November 2012.
An Eight-Year View (2005 vs 2012) - Sales dropped 15.2 percent from 466 to 395 list-
ings. The median price dropped 11 percent from $200,000 in November 2005 to $178,000
in November 2012.
Mortgage Rates—30-year fixed-rate mortgage (FRM) averaged 3.32 percent with an aver-
age 0.8 points for the week ending November 29, 2012. Last year at this time, the 30-year
FRM averaged 3.98 percent with an average 0.7 points. (Source: FreddieMac.com)
Previous Month Comparison—Single family home sales dropped 1.5 percent from 401
sold in October 2012 to 395 in November 2012. The median price rose 2.9 percent from
$173,000 in October 2012 to $178,000 in November 2012.
Listings Under Agreement continue to increase
For the twelfth consecutive month, listings under agreement posted an increase. Single
family listings under agreement rose 21.2 percent from 344 in November 2011 to 417 for
November 2012.
Report compiled on December 13, 2012
k:NewsReleasesNov2012