September and October Review:
The Cape Cod real estate market was in the thick of the usual fall "boom" with new listings and homes for sale both still elevated from the summer. What does this mean? Let's take a [...]
Summer Review:
July and August continued many recent trends in Cape Cod real estate. With the start of the fall market and some relevant economic trends at hand, let's take a look.
Inventory is building in certain price ranges... Overall inventory of single family homes is at it's highest since November 2020. However most of this [...]
June Review:
"Stability" is far too strong a word to use, but long-term real estate trends in many metrics demonstrate that we are past inflection points in the market. In plain terms, Cape Cod is digging out of the real estate market impacts from COVID, but the new reality looks different. Let's do some digging of our [...]
May Review:
The May Cape Cod real estate market demonstrated what felt like a more normal market. Let's take a closer look at the data.
Inventory is the highest since pre-COVID. Don't misunderstand me, inventory is not "high", but it's gaining ground with about 650 homes for sale. For comparison we had about 460 homes on the market in May [...]
Spring Review:
The beginning of the 2024 Cape Cod real estate market is showing some interesting trends. Let's take a closer look at the data through April.
Median Sales Price remains high. April had the second highest median sales price ever, bested only by October in 2023. Despite some bumps, the overall trend over the last 3 years is [...]
Cape Cod vacation rentals were gangbusters again for us in 2023 and we attribute much of this to our satisfied returning guests who comprised 50% of our 2023 bookings and 66% of our 2024 bookings thus far. We look forward to working with our repeaters each year and thank you for being valued [...]
January Review:
The Cape Cod real estate market began 2024 with some improvements over last year, but will they be enough to correct the deplorable dearth of inventory and the horrendously high prices? Let's take a closer [...]
December Review:
The December Cape Cod real estate market was quiet, much as expected, with low inventory, few closings, and continued high prices.
Inventory remains low. The number of single family homes for sale in December was 400, down 11% compared to 2022. It would not be a surprise if inventory remains low because new listings were [...]
November Review:
The Cape Cod real estate market began the winter slowdown in November indicated by fewer closings and new listings. Despite slightly more favorable mortgage rates, low inventory and near-record home prices continue to make buying a [...]
October Review:
Good news today for buyers with mortgage rates dropping significantly; however, with median prices continuing to rise and inventory continuing to decrease, the Cape Cod real estate market still significantly favors [...]