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 Cape Cod real estate market has heated back up this fall as many second home owners list their homes after the beach season. Here is our list of 5 things to do before you list your [...]
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 [...]
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 [...]
We are glad to see inventory building up in 2019. With approximately 5.8 months of inventory of single-family homes the market is reaching sustainability (particularly favoring neither buyers nor sellers). It is also worth noting that the year-over-year comparisons of month's supply has been up since July 2018 which could [...]
For this blog we delve into the wealth of knowledge accumulated by Ed over his (undisclosed) years spent working in the yard on Cape Cod. With the cold wetness this spring in particular we wanted to share some pro-tips to keep lichens from taking over your roof and improve the curb appeal of your [...]
We'll go ahead and say it now, "this was a decent winter for weather." Why does this matter for the real estate market on Cape Cod? With the seasonality of sales here an easy winter sets up sellers to get their properties on the market earlier in the year: i.e. February and March instead of March and April. Last month [...]