The Trend in Home Sales in South Yarmouth MA - Improving, or...?
Home prices in South Yarmouth continue to fall! They've fallen 12.7% since May of 2009, and have fallen 31.3% since May 2005
The current average listing price of homes for sale in South Yarmouth MA is $499,831, down 5.4% from a month ago. Compare this to the current median sales price of $230,000 - where half of sales are above this amount and half below it.
2 and 3 bedroom homes are selling for less while 4 bedroom homes have risen slightly in price recently. Below is a chart of the trend of median prices of homes for sale in South Yarmouth MA over the past year through May 2010:
The number of sales have for all styles of homes have been cyclical and have been relatively flat over the past 5 years:
So what does all this mean? Well, if you're looking for a home in the town of South Yarmouth, you may be able to find a bargain. While sales are overall are relatively flat, prices of homes are falling.
While sellers aren't in control of this market, buyers still should be reasonable in their offers 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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