Mar. 4, 2008 - Falmouth Home Sales - 15 Years

This is What Happened in Falmouth the past 15 years*
This chart shows a pattern influenced by factors which can vary from year to year.  Of interest 
is that changes seem to occur in 3 year patterns as shown by the red lines which now puts 2008 at the beginning of a new cycle.  Which way will it go and what factors are at work now?   Hopefully this chart will give you something to work with as you do your own research into the current market

Of interest are the 651 sales made in 1998 at a time when home prices were still reasonable.  At one time that year 100 homes were for sale priced under 90K.  With the same homes now valued around 250K now, it seems unlikely that 651 sales will be reached again with everything priced so much higher.

Lastly, FYI the number of homes for sale are getting smaller from a high of 521 at one time in
2006 to about 385 now.  The average in 2004 while the market was still hot was 221.  For buyers that means less confusion, but also less opportunity as we get closer to a sellers market.  If you have
any questions or want more information, please contact me at dfkelley@pair.com. - DAVID

*These are the single family homes sales by realtors as recorded in the Multiple Listing
Service which represents over 85% of total sales.