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Why We Might Be At The Bottom Of This Real Estate Crunch
I read an article this week about how the median price in the US is rising again. That caused me to look at Barnstable County to see if that is the case here. Here is what I found.
For Barnstable CountySingle Family Homes onlyOct 2010 to Dec 2012Date                 10/10 11/10 12/10 1/11 2/11 3/11 4/11 5/11 6/11 7/11 8/11 9/11 10/11 11/11 12/11 Median Price $   350    324    346    358   317  305  332  346   319  320  328   344  331    328     335
For Barnstable CountySingle Family Homes only1999 to 2012Date               12/99 12/00 12/01 12/02 12/03 12/04 12/05 12/06 12/07 12/08 12/09 12/10 12/11 Median Price $ 178    218    248    305    351     398    410    381    390    329     335   341     331
For Barnstable CountyAll Single Family (Homes, Condos, Land, ...)1999 to 2012   1999  2000  2001  2002  2003  2004  2005  2006  2007  2008  2009  2010  2011Median Price $ 178    218    248    305    351    398   410    381    390    329    336    339    334
The data does not indicate that the median price has begun movin upward yet. So, if you are a buyer and the national median has already begun moving upward, this could be the indicator that the market has bottomed out.  If median price is moving upward ... more

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