HOLYOKE, Mass. (WWLP) - More homes have become available on the market this year, but aren't selling as fast. Experts told 22News that affordability challenges, coupled with rising inventory and sellers with high price expectations, have created a more patient and cautious market.
"We actually have a little bit more on the market than we've had for probably three years," said Beth Brogle, realtor with Berkshire Hathaway realty professionals.
While there may be an increase in inventory, according to the Realtor Association of Pioneer Valley, the median price of homes in the Pioneer Valley has gone up by 7.8 percent, with prices rising from $371,000 to $400,000 last July. This rise in prices led to homes sitting on the market for longer periods of time.
"They put their property on the mar