Pioneer Valley home sales up 9 percent - CBS 3 Springfield - WSHM

Pioneer Valley home sales up 9 percent

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SPRINGFIELD, MA (WSHM) -

Home sales were up nine percent in the Pioneer Valley in July and though the numbers do vary from county to county it's definitely welcome news for those looking to buy or sell a house.

"We have seen eight straight months of double-digit increases in under agreements, which is a very good sign that it's not just a seasonality," said Partner and Broker at Sears Realty, Brian Sears

The July single family sales report for the Pioneer Valley holds mostly optimistic news.

According to the Realtor Association of Pioneer Valley each county in the area saw an increase in home sales. Franklin County's sales climbed 27 percent, Hampden County 2.3 percent and Hampshire county 20.7 percent.

"For the bulk of 2012, housing continues to go under agreement at a much better rate than they did in 2011 and the years before," Sears said.

The median price of a home in the Valley for the month was $190,500 with the median price of a home down .8 percent.

"Property values have really stabilized over the last couple of years they haven't seen increases but they haven't seen major decreases," Sears said.

Sears says low interest rates are helping to improve the housing market.

"The market is actually pretty even at this point as far as between being a buyers or a sellers market," Sears said.

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