BARNSTABLE – The Barnstable County Register of Deeds reports that real estate sales volume and total value dropped in April, but are still up for the year to date.
The volume of real estate sales was down 6.7 percent from April of 2016 and the total value of sales was down 2.3 percent over the previous year.
The median individual property sale value was up 4.2 percent from April of 2016.
“It doesn’t always correlate – value and volume – but we had a little uptick in value which is going along with where we have been moving on the positive side on individual sales value,” said John Meade, the Barnstable County Register of Deeds. “Volume has been up and down though.”
For the year to date the volume of sales is up 3.5 percent over last year and the total value of sales is up 4.5 percent. The individual sales value is up 7.6 percent.
“We’re moving in the right direction overall and that’s an indicator of where things stand,” Meade said. Month to month totals can vary based on the number of business days in the month compared to the year before. Those kind of things happen.”
Meade said the positive trends are that the volume, value and individual sales value are up for the year.
The median sale price for the month of April was $350,000.
“We’ve been in the mid-$300,000 range fairly consistently for the last seven or eight months,” Meade said. “We’re starting to see values overall working in the right direction if you are a seller.”
The amount of mortgage activity fell 10.6 percent from levels in April of 2016 and is down 1.9 percent for the year to date.
May is a busy month historically, especially for 2nd home buyers.
“We’ve got a lot of business days in May so it’ll be interesting to see what happens there,” Meade said. “It’s going to be big for us if we have a strong May and it’s going to be an indicator that the year should be pretty good.”
By BRIAN MERCHANT, CapeCod.com NewsCenter
http://www.capecod.com/newscenter/real-estate-volume-and-value-dip-in-april-still-up-for-year/
