The Trend in Home Sales in Dennis Port MA - Improving, or...?
Home prices in Dennis Port on average are rising! Home prices have risen 8.8% since May of 2009.
However, the current average listing price of homes for sale in Dennis Port MA is $288,015, down 1.2% from a month ago. Compare this to the current median sales price of $242,000 - where half of sales are above this amount and half below it.
Both 2 and 3 bedroom homes are selling for less compared to a year ago. Most notably, prices of 2 bedroom homes are down 42.7% since the same time last year while 2 bedroom homes are down just 9.1%. Below is a chart of the trend of median prices of homes for sale in Dennis Port MA over the past year through May 2010:
While cyclical, the number of sales for 2 and 3 bedroom homes in Dennis Port MA in general are also falling, and have been since earlier this year:
So what does all this mean? Well, if you're looking for a home in the town of Dennis Port, you may be able to find a few bargains. While sales overall are falling slightly, 3 bedroom homes are in greater demand than 2 bedroom homes.
Still, lowball offers won't cut it in a market like this. Sellers aren't in control of the market either, so both buyers & sellers should be reasonable when negotiating. Be sure to contact me, Lew Corcoran, toll free at 1-800-984-3341, when you're looking to get pre-approved for a purchase of your next home. Otherwise you may end up frustrated, disappointed and, unfortunately, perhaps misled.
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