Home sales have increased in Hampshire County

The housing market depends on how the economy balances


NORTHAMPTON, Mass. (WWLP) – Nationally, home prices increased from last year at a slow rate. However, in western Massachusetts, Hampshire County sales and prices were much higher than in other counties.

In the past year, home sales increased in Hampshire County by 10 percent. That’s much higher than Franklin County’s 3.9 percent increase in sales, and Hampden County’s .6 percent decrease in sales.

22News went to Goggins Real Estate in Northampton to find out why the counties differ so greatly. According to President Patrick Goggins, “The average price in Hampshire County has always been consistently higher than the surrounding counties and I think that’s due a lot to the college influence that comes from the Five College area.”

Goggins said he’s noticing buyers and sellers are being more realistic with their pricing. He’s also finding that due to the economic recession, more people are opting to build additions to their home rather than try to sell it.

He predicts if the economy continues to improve, the housing market will also continue to improve in all western Massachusetts counties.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s