Berkshire home sales up in first six months of 2019
PITTSFIELD — Single- and multifamily home sales showed modest gains over the first half of the year, according to the most recent market analysis by Berkshire Realtors.
When compared to the same time period in 2018, the total number of residential sales increased by 13 transactions during the first two quarters of 2019, reports Market Watch, the Berkshire Realtors' quarterly compilation of real estate data.
Most of the growth has been in the middle Berkshires. Communities with the strongest residential sales markets, year-to-date, are Adams, Alford, Dalton, Lenox, Pittsfield, West Stockbridge and Williamstown.
Homes valued at $250,000 or less are in short supply, especially in central Berkshire. South county has a glut of homes for sale in the $1 million-plus range — 19 percent of homes for sale in the southern part of the Berkshires are in that price range, but make up less than 5 percent of sales.
Meanwhile, land and commercial sales were sluggish — such transactions dropped by $6 million over the first half of the year compared to 2018.
In Market Watch, Berkshire Realtors forecast modest growth in the local housing market fueled by relatively low interest mortgage interest rates and low unemployment.
Market Watch is generated by Sandra Carroll, chief executive officer of Berkshire County Board of Realtors Inc., in Pittsfield.
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