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Falmouth MA Real Estate Median Price is up 11% in October 2018
Falmouth MA Real Estate Median Price is up 11% in October 2018
According to preliminary data released on Friday November 16th, the Falmouth MA Real Estate Median Price is up 11% in October 2018.  In my earlier blog, I reported that the Cape Cod and Islands Association of REALTORS® (CCIAOR) reported a $49,900 increase over last October's median price for properties across The Cape. In Falmouth, that median price is even higher,  +$51,425.
Comparing 2018 to 2017 Year-to-Date sales, 42 fewer homes sold in Falmouth in 2018 than in 2017, but the annual median price is actually up even higher by 13+%, to $472,750. There is an interesting indicator in the Falmouth real estate market report. The median price for condos in the Falmouth real estate market was down in October of 2018. For the month of October 2018, the median condo price was lower by 40% compared to 2017. On The Cape in general, the median price of condominiums was off only 7%.
If this trend for condos continues, that could be one indicator that the real estate market on The Cape is changing, or has already changed. In my experience, condos react last to a good market and first to a bad ... more

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