Franklin County seeing strong homebuyer demand

Franklin County hovers at around 4-percent interest rates

GREENFIELD, Mass. (WWLP) – At least one part of western Massachusetts bucked a national trend of slow home sales last month.

There are more houses for sale right now across the country, but people aren’t in any hurry to buy them. 22News found out that demand in Franklin County is still strong, and has been all year.

And while some first-time home buyers are having trouble getting a mortgage in other parts of the country, one realtor said potential home buyers have more options here in Franklin County.

Corrine Fitzgerald of the Massachusetts Association of Realtors told 22News, “Last year, at the same time, we had a shortage of inventory of homes that were on the market. Now, this year we’ve seen an increase of homes coming on the market. So buyers have had more to pick from homes for sale, and the interest rates have been still affordable.

And talking about interest rates, Fitzgerald told me that the average interest rates for home mortgages in Franklin County hovers at around 4-percent. Looking forward, Fitzgerald expects the housing market to be active for the rest of this month and into the fall.

Comments are closed.