September Review:
The Cape Cod real estate market continues the trend of low inventory, high prices, and favoring sellers. While inventory is up from the low last winter, it is still on par with 2021, meaning we haven't seriously started to improve this aspect of the market by increasing the number of homes for sale. Additionally, new [...]
August Review:
The Cape Cod real estate market remains low on inventory and high on confusion. We have been inundated these last weeks with requests for a quick look into our crystal ball and an idea about when the top, or bottom, of the market will be. Unfortunately our crystal ball only reliably predicts the next day of the week. The [...]
July Review:
The Cape Cod real estate market remains heavily seller favored with low inventory, high prices and quick sales. However, as we noted last month, the furious buyer demand seems somewhat [...]
May and June Review -- Double Issue:
Well we're back after taking a brief hiatus last month. So what's been going on in the Cape Cod real estate market for the past two months? Much the same as before but with some signs of change. Let's jump [...]
April Review:
The Cape Cod real estate market remains crazy. Median price continues to climb and metrics such as inventory and new listings remain low. Don't be deceived by the bump in inventory between March and April either. True enough there were 324 single family homes for sale at the end of April; however, fewer than 100 of those [...]
March Review:
The Cape Cod real estate market continues to languish in abysmally low inventory levels. For comparison, the number of homes for sale in March in Barnstable county in the years before the pandemic were; 2017 : 2,412 --- 2018 : 1,971 --- 2019 : 2,288 --- 2020 : [...]
February Review:
We hate sounding like a broken record, but here goes anyway. Inventory is as low as we have seen and continues to decline. When drilling down into homes less than $650k, the dearth is even more concerning. At the time of writing (3/15), there are 38 single family homes for sale in Barnstable County for less than [...]
Cape Cod vacation rentals had another incredible year in 2021. After many months cooped up by the pandemic, we saw exceptional bookings and many happy returning tenants who did not rent in 2020. There were a few points that we found very interesting after letting our heads clear from the heat of the [...]
January Review:
The Cape Cod real estate market continues its trends of high prices and low inventory, but there may be a change in the air...or not. The graphic at right illustrates how the market compares to January 2021. If you can remember that far back, January was the start of the true frenzy before "Percent of Original Price [...]
December Review:
December closed out 2021 much as expected, with low inventory and continued high prices; however, there are a few things worth pointing out. First, the seasonal supply curve in 2021 followed the more typical trend seen before the pandemic. This seasonality sees more homes come on the market in the Spring, Summer and early [...]