The full 1st Quarter 2017 Market Watch (pdf) is here. Use the link to get the full report that shows how all regions of the Berkshires are doing, as well as a full market overview. For a quick peek, the strongest markets YTD compared to the first quarter last year are: Adams, Lanesboro, Pittsfield, Richmond, Lenox, Lee, Great Barrington, Otis, Sheffield, and West Stockbridge. Sales were up overall,some markets fairing better than others. It is quite remarkable after a banner 1st quarter last year that our momentum keeps going strong. The dollar volume of real estate sales is up 3% and the number of transactions sold up over 9%. In the residential market, there were 232 sales of $55 million, the highest number of homes sold in the 1st quarter for the past 20 years tracked. We have included information about market indicators, including interest rates, consumer confidence and our tight, tight inventory (unless your home is in the >1 million range). Check it out!
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The number of residential sales rose in all regions.
- Northern Berkshire had 42 home sales, 5 up from 41.
- Central Berkshire had 103 home sales, 5 up from 93
- Southern Berkshire had 87 homes sales, 5 up from 81.