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 [...]
September Review:
The Cape Cod real estate market continues to be driven by rising prices, low inventory, and the highest mortgage rates in more than 20 years.
Median sales price hit a new record completely outpacing affordability. Median sales price was $795,000 for a single family home in September. Prices this high continue to strain [...]
June-Aug Review:
The summer real estate market on Cape Cod showed some change though nothing yet resembling consistent or predictable.
Median sales price remains high... though there was some fluctuation in this number. After the peak in April, we saw a drop off in median price in May, a climb back up to the summer's peak in July, then [...]
April Review:
Real Estate trends on the Cape largely held steady in April with increases in median price, days on market, and inventory, while decreases continued in closed sales, pending sales, new listings, and percent of original price received. The increasing median sales price trend is bucking the national trend which has seen prices [...]
March Review:
According to the National Association of Realtors, sales are increasing across the country as the spring market heats up. However limited inventory continues to be a significant factor in the market. Is the Cape any different? Let's take a [...]
February Review:
Well, it's been an interesting week. Let's take a look at how changes in the larger economy and continuing market trends are shaping the upcoming Spring real estate season on Cape [...]
January Review:
The Cape Cod housing market showed some interesting changes compared to January 2022 as well as compared to the past few months. We have been monitoring a few metrics in particular and they [...]
Cape Cod vacation rentals continued to be very attractive to vacationers in 2022. The trend of early booking continued with 66% of all booking being completed by the end of March. 2023 seems on pace to be more similar to 2022 than 2021 in this regard, see the chart at right. In addition we [...]
Happy New Year!
December Review:
December closed out 2022 with few surprises in the Cape Cod Real Estate Market. Here are a few relevant points.
Percent of Original Price is on the decline. For context, this metric is the first asking price at which a seller markets their home and it has been declining since May. This indicates that [...]
October and November Review:
The end of the year is shaping up to be much as we expected. Inventory remains tight as both sellers and and buyers concentrate on the holidays more than selling or purchasing homes. As a result, we have been seeing inventory dwindle, yet we are also now seeing some other interesting trends [...]