Median sale price was just under 700K in Falmouth in recent data even with astronomical mortgage rates. It's also important to note that we have created an incredible amount of money + wealth in financial assets in the last 10 yrs. Even with the recent bear market in growth stocks, Apple was trading below $20 a share in 2013 and is now 130ish after having spiked all the way to $180 in 2021 The S&P 500 has more than tripled since the low in 2012. So when put in context, I'm not very surprised that houses have gone way up in nominal terms.

The people who have truly been f---ed over, are the people who have been making the same income for the past 10 yrs without promotions or wage increases and benefits largely unchanged. Folks living hand-to-mouth also have very little participation in financial assets like stocks/real estate, so this is truly a triple whammy when you also factor in COL increases due to food/energy/rent.