SPRINGFIELD, Mass. (WWLP)– “I had to make 4 bids on houses. A couple of bids here and there.” Katherine Napeti is closing on her first home, in Westfield, in three weeks and was shocked at how quickly the so-called “good ones” got bought up.
“When I first started looking about a year ago there were a few houses that were available but now there’s been a huge abundance and then they close so fast. People are snatching them up so fast,” Napeti told 22News.
Napeti’s is a slightly different experience than what is happening in other parts of the state as the Massachusetts Association of Realtors reports that home sales for the whole state went down by almost 7% in August.
But those numbers are not the same for each individual part of the state. In the Pioneer Valley the number of homes sold in August was up more than 8%.
Kevin Sears, of Sears Real Estate in Springfield, told 22News there is also an increase in the number of homes on the market in Hampden, Hampshire and Franklin counties, but that there is a much smaller number for sale he described as “desirable quality.”
“Well what you want to think about is if you find the home you think is right for you act quickly. If it’s a house you can see yourself in for a long while be aggressive in your offer,” Sears said.
The median price of a home sold in August in the Pioneer Valley dropped slightly to $205,000, which is a 3.5 % increase since August 2009 when the median price was $198,000.