What a difference a month makes!!! At this time in March there was snow on the ground, winter storm damage everywhere, and an historic chill in the real estate market. At time of writing we're enjoying our second day in a row of 70+ degree weather, and the daffodils are in full bloom (though there's still a lot a storm damage in this [...]
Snow wasn’t the only thing falling last month. According to market data released this week by the Association of Realtors, the Cape logged our lowest-EVER number of new listings for the month of February. Not only that, but new listings dipped between January and February for the first time since 2015 (which was also a brutal winter). [...]
Cape Cod saw a small decline in summer bookings compared to 2024, according to our advertising partners at weneedavacation.com. The frenzy of COVID bookings has clearly ended and now the vacation market is stabilizing, though at higher prices and higher demand than pre-pandemic levels. We expect 2026 to have similar booking rates to 2025 [...]
Cape Cod Real Estate Market Update: December 2025
The Cape Real Estate Market is poised to close out 2025 essentially flat over 2024. Median sale price is up 3.1% year-to-date. Though this is lower than we have been used to since the start of the COVID market era, it nonetheless represents healthy annual appreciation. At the same time, days on market continues to climb, currently registering at 27.3% higher than last year. Similarly, the percent of list price received by sellers continues to decline to 95.5% - only .1% higher than the post-COVID low reached in February of this year. In plain English, homes are selling more slowly for less than asking price, but on average for slightly more than they were in 2024. A decidedly mixed message.
The message becomes even more mixed if you compare single family home performance against condominium properties. The accomanying graph (released this month by the CCIAOR) shows the median price of condominiums only. As you can see, declines in condo prices have consolidated over the last few months. Condos are in fact on track to close the year down at least 4.9%. Historically condo prices have been a leading indicator for changes in the overall real estate market. We will continue to monitor these trends...stay tuned for more in the New Year.
And whether you own or want to own a condo or single family home...whether you are planning a vacation here or want to list your home for rent...the professionals at Chatelain Real Estate are here to give you the expert advice you will need to make your transaction a success. Give us a call any time - we look forward to hearing from you.
Cape Cod Real Estate Market Update: Fall 2025
The big question we're getting from both buyers and sellers alike is "have prices started to fall yet?" And the answer is...maybe. The median sale price six-month-average dipped from a high of $739,000 in November of last year to a low of $710,500 in May (see the accompanying chart). [...]
The Cape Real Estate market continued to show signs of a ‘return to normalcy’ in 2024. The average number of days on market rose to 41, the highest level since 2021. Percent of asking price received by sellers dropped to 96.6%, the same level we saw in 2017. And the seasonal bumps in activity that disappeared after COVID began to emerge in [...]
Cape Cod Real Estate Market Update: November & December 2024
The Cape Cod real estate market wrapped up 2024 with some notable trends in November and December. As we close the year, let’s take a closer look at what happened and what it could mean for buyers and sellers moving [...]
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 [...]