Happy New Year!  After a year of mixed signals, 2025 went out with a whimper.  The number of single family homes for sale dipped to a 2-year low in December. Taken on it’s own, that fact would be cause for concern. However, during the same period Days on Market ticked up to it’s second-highest level (32 days). These two metrics combine to [...]

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).  [...]

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 [...]

May Review:

The May Cape Cod real estate market demonstrated what felt like a more normal market.  Let's take a closer look at the data.

Inventory is the highest since pre-COVID. Don't misunderstand me, inventory is not "high", but it's gaining ground with about 650 homes for sale.  For comparison we had about 460 homes on the market in May [...]

Spring Review:

The beginning of the 2024 Cape Cod real estate market is showing some interesting trends.  Let's take a closer look at the data through April.

Median Sales Price remains high. April had the second highest median sales price ever, bested only by October in 2023.  Despite some bumps, the overall trend over the last 3 years is [...]

  Another year is in the rear-view mirror. 2023 silenced a major part of the pandemic concerns while reopening doors. Properties bought during the pandemic are resurfacing as vacation rentals or are being resold when they are no longer needed. This is contributing as it always has to a fifth of the national GDP (gross domestic product) that [...]