Home sales in the Pawcatuck market dipped below its average sales volume for the prior 12-month period. In this week's report, they dropped 40.0% to three homes sold over the last 30 days. Within the same time frame, Westerly had 28 sales, the most of all cities in the area. Prices are falling in Pawcatuck, and this period the median price of all sales fell from $185,000 to $62,000. Pawcatuck is a definite buyer's market, thanks to a big 14 months of inventory to choose from and a pullback in sales.
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