CHICOPEE, Mass. (WWLP)– The most recent real estate report shows the value of a home in the Pioneer Valley dropped slightly last month.
The median sales price of a home in the Pioneer Valley was $205,000 in August. That’s down nearly $2,000 from August 2013.
Now, a new survey from the site Bankrate.com reports that more than half of Americans think the value home prices will go up over the next year. But in Western Massachusetts a few homeowners told 22News they find it difficult to not worry following the 2008 market crash.
Richard Bonin, a homeowner from Springfield, told 22News he bought his home in 2008, and says he has a reserved hopefulness about the his home’s value. “If you’re moving on or retiring and want to downsize will you be able to? Will you be able to take care of the bills coming in? We’ve got two kids in college, how are things going to work out in the long run,” Bonin said.
The same survey done at this time last year showed roughly the same results, something the authors of the survey said is because, like the overall economy, Americans expect the housing market to steadily improve overtime.
In Massachusetts the most recent real estate report shows the number of sales declined last month, but that the median value of a home went up.
The median value of a home in August 2014 was up 3.5 percent from August 2009.