The Cape Cod Real Estate market closed out 2022 continuing the trend of higher prices and lower inventory that has played out over the last decade. In fact, we closed 2022 with the lowest number of homes for sale (~580) and the highest prices (~$639,000) ever for the Cape market. For comparison, the last market peak in 2006-2008 saw ~5,700 [...]
Improvise, Adapt, Overcome
No, this isn’t an episode of Man vs. Wild (exactly), since we local Cape Codders have slightly more than a knife and some flint to help us survive. But, in many ways our current conditions are at odds with community needs: housing, wastewater, healthcare, and our economy are a few of the complex challenges that [...]
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 [...]
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 [...]
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 [...]
We’ve spilled gallons of ink this year describing how difficult the market is for buyers and speculating about the policy and housing production solutions needed to turn things around. But what about buyers who need to buy something right now? Are they out of luck? Absolutely not!! The market may be crazy, but there is a method to the [...]