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 [...]
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 [...]
Greetings from us at Chatelain Real Estate. We have had the pleasure of providing you the support you have needed in your real estate ventures over the years. We look forward to continuing to help as we have through the past three decades. A most sincere thank you from every one of us for entrusting us with your real estate [...]
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 [...]
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 [...]