The Trend in Home Sales in South Dennis MA - Improving, or...?
Home prices in South Dennis on average are rising! Home prices have risen 9.1% since May of 2009.
The current average listing price of homes for sale in South Dennis MA is $376,542, up 0.2% from a month ago. Compare this to the current median sales price of $250,875 - where half of sales are above this amount and half below it.
3 bedroom homes are selling for more compared to a year ago, while 3 bedroom homes are selling for less. Most notably, prices of 3 bedroom homes are up 44.6% since the same time last year while 2 bedroom homes are down 18.6%. Below is a chart of the trend of median prices of homes for sale in South Dennis MA over the past year through May 2010:
The number of sales for 2 and 3 bedroom homes in South Dennis MA are also increasing, 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 South Dennis, you may be able to find a few bargains. While sales overall are increasing slightly, 3 bedroom homes are more in demand than compared to a year ago.
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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