The Trend in Home Sales in Hyannis MA - Improving, or...?
Home prices in Hyannis are on the rise! They've increased by 5.7% since May of 2009.
The current average listing price of homes for sale in Hyannis MA is $294,649, down 1.0% from a week ago. Compare this to the current median sales price of $160,690 - where half of sales are above this amount and half below it.
2 & 4 bedroom homes are selling for more while 3 bedroom homes are falling in price. Below is a chart of the trend of median prices of homes for sale in Hyannis MA over the past 5 years through May 2010:
The number of sales have been holding fairly steady for all styles of homes in the past 5 years:
So what does all this mean? Well, if you're looking for a home in the town of Hyannis, you better not mess around too much. While sales are flat, prices of homes are climbing.
Lowball offers won't cut it in a market like this. Sellers aren't in control of the market either, so both buyers & sellers should be reasonable 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.