Massachusetts Home Sales Soar
Home sales in the Pioneer Valley increased by 23.4 percent last month from 299 in April 2009 to 369.
The median price brought by those homes fell slightly by 1.1 percent from $182,000 in April 2009 to $180,000 in April 2010, according to figures released Monday by the Realtor Association of Pioneer Valley.
"Undoubtedly, this is a result of the last chance to benefit from the federal home buyer tax credit of $8,000 for qualified first time home buyers." says Lori Cotter, Realtor and Top Producing Agent with Coldwell Banker.
Now that the credit has expired we can expect to see a short period of quiet while home buyer's regroup and refocus. There will always be a need for homes whether a first time buyer moving into the market or a move up from an existing home owner. The market appears to be stabilizing with a balance of buyer's and seller's being more of a near term reality than we have seen is several years.