The Trend in Home Sales in Dartmouth MA - Improving, or...?
Home prices in Dartmouth on average are rising! Home prices have risen 5.1% since July of 2009.
The current average listing price of homes for sale in Dartmouth MA is $691,138, down just 0.5% from a month ago. Compare this to the current median sales price of $260,000 - where half of sales are above this amount and half below it.
2 bedroom homes are selling for less than they were while 3 and 4 bedroom homes are selling for more. Prices of 2 bedroom homes are down 15.2% while prices of 3 bedroom homes are up 4.0% and prices of 4 bedroom homes are up 19.9% from year ago levels. Below is a chart of the trend of median prices of homes for sale in Dartmouth MA over the past 5 years through July 2010:
Within the exception of a couple of periods in the past couple of years, the number of
So what does all this mean? Well, if you're looking for a home in Dartmouth, you can probably find a bargain in 2 bedroom homes as prices are down. Still, lowball offers won't cut it in a market like this.
But if you're looking for a 3 or 4 bedroom home, you better not mess around too much. While sales overall are relatively flat, prices of these homes are climbing. Still, sellers aren't in control of the market either, so both buyers & sellers should be reasonable when negotiating.
You can still buy a home with no money down with a VA Loan. With the FHA Mortgage program, you can purchase a home with as little as 3.5% down. With a MassHousing loan, you can purchase a home with as little as 3.0% down. When you're ready to buy a home, find out how much house you can afford to buy in Dartmouth or in the surrounding area.
Be sure to contact me, Lew Corcoran, toll free at 1-800-941-5616, when you're looking to get pre-approved for a purchase of your next home in Dartmouth or in the surrounding area. Otherwise you may end up frustrated, disappointed and, unfortunately, perhaps misled.
Lew Corcoran | Search the MLS for: |
I always enjoy your posts. You are a master at blogging. Have a great week!
Good Morning Lew,
Thanks for the post and market update. Have a great day.
Pat and Pat - thanks for your comments.