In the first four months of 2015, 41 single family homes sold in Holyoke at an average sale price of $154,941. From 5/1/15 to 10/20/15 there have been 99 sales at an average sale price of $184,620. Don't let the numbers mislead you. In the first 4 months of the year there were few sales of higher priced homes. In fact there was only one sale at $300,000 and none for more than that price. After 5/1/15, 8 homes sold for over $300,000.
When you look at the bigger picture 140 homes have sold since the beginning of the year at an average sale price of $175,928. This is down from the average for all of 2014 of $184,586. However, I don't think this is showing a decrease in values in 2015. In 2014 we had a few sales over $400,000 and even one sale at $520,000. As a whole it appears that values have been steady in 2015.
The best sign that the market has improved is the amount of sales. So far in 2015 there have been 140 sales, in the same period of 2014 there were 137 sales but only 128 in 2013. In 2008, the beginning of the downturn in the market, only 113 single family homes sold in the entire year.
What does this all mean? It means that the market is just fine. Houses are selling in Holyoke, and in a reasonable amount of time. Of course only if they are priced correctly.