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Barnstable, MA

This version was saved 17 years, 10 months ago View current version     Page history
Saved by PBworks
on August 31, 2006 at 8:38:09 pm
 

Market overview

 

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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 ___% chance of a decline in home prices over the next two years according to PMI Mortgage Insurance Co..

 

Current market conditions:

 

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

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

43.4% overvalued

Classification: "Extremely overvalued"

Source: Overvalued Housing Market? Depends Where You Live

Where are prices falling in the current market?

 

 

Past housing price corrections:

Price decline: 13%

Duration: 3.5 years (14 quarters)

Period: 1989Q1-1993Q1

Overvaluation prior to price correction: 37%

Valuation peak: 1987Q1

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
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