All of our monthly market updates
As 2020 starts rolling into the Spring market, February brought some interesting happenings. February closings, inventory and supply of homes are all down nearly 20% compared to 2019. We did see a 15% increase in pending sales last month which may portend more closings in March. Inventory compared to January is on the [...]
After the holidays the January market saw an increase in new listings which was up nearly 14% from January 2019. We are hopeful this trend will continue and result in more months supply of inventory as we enter the Spring season. We also note several trends in other metrics that indicate what the Spring may look like. Days [...]
The numbers are in for December 2019. When considering the fall market we see that closed sales have remained relatively consistent but new listings have not kept pace so inventory has been declining since September. Compared to December in 2018, inventory is down approximately 21% and new listings about 17%; this coupled [...]
The seasonal slowdown was in full swing in November. When considering the past three months (Sept-Nov) we see a normal decline in Median Sales Price as well as Inventory. We also see the related increase in Average Days on Market since buyers and sellers are now caught up in the holiday season and some homes take a bit longer to find a [...]
In October Barnstable County saw more of the fall slowdown with a significant reduction in new listings compared to this time last year. Additionally new listings are down 5% year-to-date continuing the trend of historically low numbers of homes for sale. Despite this the October market largely kept pace finishing with 5.7 months supply of [...]
The fall market is looking lackluster now that the September numbers are in. With new listings, closings, and inventory down we did not see as significant an amount of activity in the market as this time last year. With inventory countywide at a 6 month month level, neither buyers nor sellers see a great advantage [...]
The trends in the Cape Cod market this year seem to be delayed approximately a month compared to last year. In other words, August this year compares more closely with July last year. We felt this in the Spring and now again in the late Summer as the August data seemingly reflects what is typically the July slowdown [...]
July Review:
Compared to this time last year, July saw only slight variation in four of the six metrics we investigate for this blog (pictured at right). Days on market was up significantly compared to this time last year; however it was down compared to June. Additionally the number of new listings was down nearly 15% compared to last [...]
June Review:
Compared to this time last year median price and inventory are both up. However Inventory compared to May is a small gain of only 25 homes. It looks like the market entered the summer slow-down a bit earlier this year (usually it hits in July) with closed sales and new listings both down in June. Apparently sellers were [...]
Year over year the inventory is up 6.1% and has also been steadily increasing since January. With new listings down from last year and flat compared to last month we will be keeping an eye on how this will affect inventory going forward though. What will also be influencing the market for the foreseeable future is the [...]