The Trend in Home Sales in Truro MA - Improving, or...?
Home prices in Truro on average are falling! Home prices have fallen 10.6% since June of 2009.
The current average listing price of homes for sale in Truro MA is $997,407, down 4.0% from a month ago. Compare this to the current median sales price of $522,500 - where half of sales are above this amount and half below it.
Both 2 and 3 bedroom homes are selling for more. Prices of 2 bedroom homes are up 38.8% while prices of 3 bedroom homes are up 48.5%. Below is a chart of the trend of median prices of homes for sale in Truro MA over the past 5 years through June 2010:
While cyclical, the number of sales have been relatively flat for all styles of homes in the past 5 years, but are up slightly from just a few months ago:
So what does all this mean? Well, if you're looking for a home in the town of Truro, you better not mess around too much. While sales are overall are relatively flat, even though prices of homes have fallen in the past year, they have been climbing over the past 5 years.
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.