In the first two months of the second quarter, 865 jobs were added to the payrolls of Hampden County.
As a result of these new jobs, the average monthly unemployment rate fell from 9.7% during the first
quarter to 9% for April and May. This steady job creation may help to maintain demand for home
purchases. Favorable mortgage rates should support this trend.
Labor Market :
Housing Market :
(Forecast)
Q1′ 09 Q2′ 09 Q3′ 09
Average Price $172,000 $195,800
# Homes on the Market * 1,939 2,143
# Homes Sold ** 458 742
# New Homes Built *** 32 38 ***
Avg # of Days on Market 106 102
* Available as of Jun. 30, 2009.
*** During the first two months of 2nd quarter.
** May not add to total of zip codes.
Zip Code Average Price Price Change
***
Total #
Homes Sold
(Quarter)
% Change in #
Homes Sold
***
Average Days
on Market
% of Asking Price
(Sold/
List Price)
Data by Zip Codes for Q2 2009
01001 $242,200 8.42% 22 -38.89% 61 95.9%
01008 $172,100 -42.88% 6 200.00% 77 96.6%
01010 $199,700 -24.24% 11 37.50% 129 97.4%
01011 $169,000 51.98% 1 -66.67% 77 99.5%
01013 $150,300 -12.36% 25 -7.41% 105 96.4%
01020 $172,000 -8.95% 45 -2.17% 102 96.6%
01028 $254,100 -7.70% 34 -26.09% 92 96.1%
01030 $223,400 -14.41% 16 -30.43% 82 97.6%
01034 $318,000 -17.96% 3 50.00% 386 94.3%
11
*** % Change of current quarter compared to the same quarter to year ago.
Local Report
Hampden County, MA
Zip Code Average Price Price Change
***
Total #
Homes Sold
(Quarter)
% Change in #
Homes Sold
***
Average Days
on Market
% of Asking Price
(Sold/
List Price)
Data by Zip Codes for Q2 2009
01036 $302,600 3.24% 7 -53.33% 137 96.4%
01040 $189,900 -7.86% 40 17.65% 100 96.4%
01056 $200,400 -5.74% 33 6.45% 130 95.3%
01057 $222,700 -10.53% 9 -18.18% 104 95.3%
01069 $167,500 -11.56% 16 -15.79% 124 96.6%
01071 $196,900 0.46% 5 150.00% 202 96.7%
01077 $249,900 -12.84% 17 -34.62% 113 96.6%
01080 $186,500 65.78% 3 50.00% 153 103.6%
01085 $231,800 -14.94% 63 -3.08% 85 96.8%
01089 $214,600 -2.54% 50 0.00% 101 95.9%
01095 $308,800 -3.80% 35 -22.22% 138 95.4%
01104 $116,200 -7.48% 35 -16.67% 108 97.8%
01106 $344,600 2.38% 44 0.00% 87 95.2%
01107 $126,600 -24.69% 8 100.00% 121 97.4%
01108 $126,500 -14.18% 36 20.00% 134 98.4%
01109 $89,000 -18.72% 27 -6.90% 79 94.3%
01118 $147,700 -2.44% 58 16.00% 100 96.3%
01119 $134,900 -7.67% 38 -7.32% 75 97.1%
01128 $160,900 -6.45% 11 -31.25% 72 95.3%
01129 $155,700 -3.05% 23 35.29% 92 95.7%
01151 $103,300 -23.71% 13 30.00% 115 94.7%
01521 $175,600 4.77% 7 -30.00% 108 95.6%
OTHER $140,000 N/A 1 N/A 183 98.6%
12
*** % Change of current quarter compared to the same quarter to year ago.
Local Report
Hampshire County, MA
1 2 3 4 5 Seller’s
Market
Buyer’s
Market
In the first two months of the second quarter, 1,249 jobs were added to the payrolls of Hampshire
County. As a result of these new jobs, the average monthly unemployment rate fell from 6.1% during the
first quarter to 5.7% for April and May. This steady job creation may help to maintain demand for home
purchases. Favorable mortgage rates should support this trend.
Labor Market :
Housing Market :
(Forecast)
Q1′ 09 Q2′ 09 Q3′ 09
Average Price $251,800 $267,600
# Homes on the Market * 667 809
# Homes Sold ** 116 231
# New Homes Built *** 5 9 ***
Avg # of Days on Market 115 118
* Available as of Jun. 30, 2009.
*** During the first two months of 2nd quarter.
** May not add to total of zip codes.
Zip Code Average Price Price Change
***
Total #
Homes Sold
(Quarter)
% Change in #
Homes Sold
***
Average Days
on Market
% of Asking Price
(Sold/
List Price)
Data by Zip Codes for Q2 2009
01002 $307,800 -20.26% 28 -15.15% 129 95.1%
01007 $252,700 -12.47% 27 -3.57% 109 96.0%
01012 $103,300 -49.90% 2 0.00% 30 97.5%
01026 $418,300 237.34% 2 100.00% 29 93.0%
01027 $230,100 -16.84% 30 -11.76% 83 96.7%
01032 $165,000 -36.81% 1 -75.00% 89 101.9%
01033 $243,400 3.27% 6 -33.33% 194 100.0%
01035 $309,500 -20.46% 11 10.00% 109 91.4%
01038 $363,500 30.71% 3 -50.00% 167 91.4%
13
*** % Change of current quarter compared to the same quarter to year ago.
Local Report
Hampshire County, MA
Zip Code Average Price Price Change
***
Total #
Homes Sold
(Quarter)
% Change in #
Homes Sold
***
Average Days
on Market
% of Asking Price
(Sold/
List Price)
Data by Zip Codes for Q2 2009
01050 $280,000 64.42% 1 -75.00% 372 94.0%
01053 $260,000 -32.47% 1 0.00% 323 91.6%
01060 $356,100 -1.19% 21 31.25% 90 96.9%
01062 $339,300 18.72% 21 -16.00% 102 96.2%
01070 $210,800 N/A 2 N/A 361 89.7%
01073 $292,800 -17.91% 14 -26.32% 160 97.4%
01075 $228,500 -1.30% 27 0.00% 122 94.9%
01082 $172,900 -9.33% 25 108.33% 128 94.0%
01096 $344,300 -18.99% 3 200.00% 68 93.6%
01098 $218,500 N/A 5 N/A 145 94.8%
01243 $27,000 -70.00% 1 0.00% 74 93.4%
14
*** % Change of current quarter compared to the same quarter to year ago.
