Report: June Home Sales Drop in Falmouth, Rise Statewide

Falmouth home sales dropped from 76 in June 2012 to 65 in June 2013, as did year-to-date sales, which decreased by 10.49 percent from 286 in 2012 to 256 in 2013, according to the report. 

Moreover, the June median sale price decreased by 18.56 percent from $417,500 in 2012 to $340,000 in 2013. The year-to-date median sale price also dropped by 1.74 percent from $357,000 in 2012 to $352,250in 2013. 

Statewide, single-family home sales rose one percent in June, the second straight month of increases. A total of 5,591 single-family homes sold in June, up from 5,535 a year earlier. This marks the best month for sales since June 2010, when there were 5,662 sales.

Second quarter home sales totaled 13,915, a 2.2 percent increase from 13,616 in the second quarter of 2012. 

"The housing market continues to boom locally, and nationally," said The Warren Group CEO Timothy M. Warren Jr. "As long as mortgage rates and home prices don't spike too high, we'll see a very strong recovery year for the market in 2013."

Year-to-date home sales statewide are up 0.12 percent. From January to June, a total of 21,659 single-family homes have sold, compared to 21,633 during the same period a year ago. 

For the ninth consecutive month, year-over-year home prices increased. The median sale price of single-family homes statewide increased almost 9 percent to $350,000 in June, up from $321,800 in June 2012. The year-to-date median sale price rose more than 12 percent to $315,000, up from $281,000 during the same period last year. Quarterly prices increased more than 10 percent to $330,000, up from $299,700 during the second quarter 2012.