The Trend in Home Sales in Osterville MA - Improving, or...?
Home prices in Osterville are beginning to rise! They've risen 4.0% since May of 2009, but have fallen 42.9% since May 2005
The current average listing price of homes for sale in Osterville MA is $1,815,949, down 0.6% from a month ago. Compare this to the current median sales price of $321,500 - where half of sales are above this amount and half below it.
While both 3 and 4 bedroom homes are selling for less compared to a year ago, they are now beginning to rise in price. Below is a chart of the trend of median prices of homes for sale in Osterville 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 Osterville, you may be able to find a bargain. While sales are overall are relatively flat, prices of homes are down almost half of what they were 5 years ago.
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.