Market overview

What's happening in this local housing market? Help coauthor a quick summary here:

Sales trend:

Price trend:

Inventory:

Housing market forecasts:

PMI U.S. Market Risk Index: Summer 2006

Barnstable, MA has a 60.4% chance of a decline in home prices over the next two years according to PMI Mortgage Insurance Co., one of 13 markets nationwide that "face a 50% or greater risk" of decline.

Current market conditions:

Global Insight / National City Crop. Valuation: 2006/Q1

$356,800 median sales price (Barnstable, MA)

43.4% overvalued

Classification: One of 71 "Extremely overvalued" housing markets nationwide

Source: Overvalued Housing Market? Depends Where You Live

Where are prices falling in the current market?

Past housing price corrections:

Price decline: 18%

Duration: 5 years (20 quarters)

Period: 1988Q1-1993Q1

Overvaluation prior to price correction: 20%

Valuation peak: 1987Q3

US News & World Report: Housing bubble correction could be severe

Where did prices fall in the last price correction?

Local bubble blogs:

Real Estate Cafe

Boston Bubble

The Massachusetts Housing Market

Ideas for this wiki (your comments are welcome)

• Questions you'd like addressed
• Information you'd like to see
• Best local sources for housing news?
• Maps you would like to see
• Resources that should be linked
• Direction you want to take this wiki / bubble map
• Interviews for ongoing insight into market conditions?