Falmouth’s single-family homes took a tumble in March, which The Warren Group blamed on “shrinking inventory," which is “depressing sales volume."
Mirroring a similar trend for the commonwealth, single-family home sales in Falmouth dropped from 48 in March 2012 to 39 in March 2013. So far this year, Falmouth has seen 89 homes sold – compared to 100 in 2012, according to The Warren Group, which publishes Banker & Tradesman.
"Low inventory is plaguing housing markets all over the country, and Massachusetts is no exception," said David Harris, editorial director at The Warren Group. "With mortgage rates low and prices competitive, we're hopeful more sellers will emerge and the trend in dropping home sales will reverse."
Falmouth’s single-family home median sale price decreased in March. While Massachusetts saw an 8 percent increase from March 2012, the median price of Falmouth’s 39 homes sold in March 2013 was a nearly 15 percent decrease from March 2012, according to Banker & Tradesman.
| Falmouth | March 2012 | March 2013 | % change |
| March sales | 48 | 39 | -18.75% |
| YTD sales | 100 | 89 | -11% |
| March median sale price | $328,000 | $280,000 | -14,63% |
| YTD median sale price | $350,000 | $305,000 | -12.86% |
| Barnstable County | |||
| March sales | 268 | 276 | 2.99% |
| YTD sales | 684 | 670 | -2.05% |
| March median sale price | $303,750 | $326,000 | 7.33% |
| YTD median sale price | $300,000 | $320,550 | 6.85% |
| Massachusetts | |||
| March sales | 3,215 | 3,100 | -3.58% |
| YTD sales | 8,017 | 7,849 | -2.1% |
| March median sale price | $263,000 | $285,000 | 8.37% |
| YTD media sale price | $255,500 | $282,500 | 10.57% |
Source: The Warren Group