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Updated almost 8 years ago,
Area where house sales have tanked
I'm looking to buy multifamily and my local market is the Berkshires. Population decline, low house sales, some of the lowest house prices in MA. However, rents scale decently. Take a look at these graphs:
https://www.trulia.com/real_estate/Pittsfield-Mass...
What does it mean that the number of house sales have tanked? Just that I should plan to own my property for a long time and it will be on the market for a while when I'm ready to sell? Or are there other red flags that might affect me that low house sales might indicate? What other indicators should I look at to help me decide if I want to consider really digging into investment here?