The Trend in Home Sales in Dennis MA - Improving, or...?

The Trend in Home Sales in Dennis MA - Improving, or...?

Home prices in Dennis on average are falling! On average, they've fallen 7.1% since May of 2009.

The current average listing price of homes for sale in Dennis MA is $580,892, down 5.4% from a month ago. Compare this to the current median sales price of $325,000 - where half of sales are above this amount and half below it.

2 bedroom homes are selling for more compared to a year ago while 3 bedroom homes are still falling in price. Most notably, prices of 2 bedroom homes are up 36.8% since the same time last year while 3 bedroom homes are down 50.6%. Below is a chart of the trend of median prices of homes for sale in Dennis MA over the past year through May 2010:

Dennis Recently Sold Homes

While the number of sales for 2 bedroom homes in Dennis MA are increasing, sales of 3 bedroom homes have been falling steadily since early this year:

Dennis Recently Sold Homes

So what does all this mean? Well, if you're looking for a home in the town of Dennis, you may be able to find a few bargains. While sales overall are increasing slightly, prices of homes are about the same where they were a year ago.

Still, 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.