The average home sale price in Hampden County increased from $142,320 in the first quarter of 2012 to $158,390 in the first quarter of 2013, an 11% increase. Foreclosures decreased by 72% from 248 in the first quarter of 2012 to 69 in the first quarter of 2013. The number of deeds recorded in the County during the same period went from 1,943 to 1,975, a 2% increase.
Register Ashe stated: “The 2013 first quarter numbers are positive and indicative of an improving economy. The March 2013 average home sale price increases over the prior year were most encouraging in the cities of Springfield from $93,927 to $107,178, Holyoke from $133,400 to $150,754 and Chicopee from $142,753 to $150,065”.
Register Ashe also stated: “Rising home prices, strong job growth and new construction is propelling the economy forward; however, the automatic reduction of spending by the federal government (sequestration) may have a negative impact on an improving economy”.
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