The Pawcatuck market showed strong improvement in this week's report, as the number of home sales jumped 25.0%, pushing the total to five homes sold over the last 30 days. At the same time, close-by Westerly reported 22 home sales, the highest number from all the surrounding cities. Potential buyers should note that prices are coming down in Pawcatuck, and for this period the median sales price slid from $200,000 to $185,000. Pawcatuck is still a definite buyer's market, due to the availability of eight months of remaining inventory, even after the uptick in sales.
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