May Review: Last month was characterized by the Spring market frenzy. While 399 closed single family homes may not seem like much of a frenzy, compared to the January-April dearth, it was. Overall though, sales and inventory are down compared to this time last year, which we believe says more about the unusually busy 2017 market leaving us with lower inventory to start 2018. Conditions still favor sellers and buyers are encouraged to have strong offers (excellent financing and few contingencies) placed early to be considered. We are encouraged to see an increase in new listings which is helping to rebuild the inventory here in Barnstable County. Experts are also considering the idea that the current market conditions (higher prices and fewer days on market) are more sustainable than originally expected due to improved lending practices to more qualified borrowers.
|Featured Search: Cute Mid-Cape Cottages for less than $350,000||What's New in Barnstable County? Find out here|
|Median Sales Price||$415,000||$399,000||$429,000|
|Avg Days on Market||137||108||114|
|Avg % of Original Price||95%||96%||95%|