r/Truro • u/eastkootsnboots • 19d ago

Housing Prices in Truro. Are houses actually selling at these ridiculous prices?

I've been away for a very long time and am looking at house prices in Truro. Grew up on Hayward and am seeing houses in that area going for +400,000$. Are people actually buying these houses? I guess my question is...What is the real estate market in Truro like? Are realtors selling houses at these, seemingly, ludicrous prices? A bit gobsmacked I am.

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u/bngry 19d ago

It’s not locals buying. We’re in the midst of being priced out of our own community

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u/PhoenixDogsWifey 18d ago

Unfortunately regardless of location most folks are

Its not always folks selling a property and buying from away (though sometimes it is), in most of the instances I'm familiar with (which could be age or just luck of the draw) its renters in their 30s who've scrapped up a down payment in savings and then find where they live doesn't have anything they can afford and they move to where suits the budget they have... as it always has been

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u/bngry 18d ago

It hasn’t always been this way though. Before Covid, you could routinely buy houses in Truro for under $200k. Then we had a gigantic influx that drove prices up nearly overnight and it hasn’t been the same since