Nov. 10, 2007 - SALES UP - PRICES DOWN

Falmouth Single Family Sales Are Up, But . . .

the prices are down through October 31, 2007. The Cape Cod & Islands Multiple Listing Service show 380 sales for the year through October 31st which is 14 more than last year, but a decrease in average value from 566K in '06 to 533K this year. This is a encouraging to homebuyers which show that prices have been on the decline. For comparison during the same time period, there were 432 sales in 2005 with a average value of 553K. - DAVID

FYI: To get a better sense of where today's market came from, scroll down to the earlier blob
2004 vs. 2005 Sales Comparisons.