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Cape Cod Market Update November 2020

October Review: Oct Market update

  The Cape Cod real estate market continues its unprecedented year.  Most remarkably is that median sales price remains at $550,000, up 25% from this time last year.  What is driving this increase?  Demand.  Both closed sales and pending sales are up more than 40% from this time last year and inventory is incredibly low, at just under 2 months of inventory.  Stay healthy and safe everyone!  Contact us today, we are always glad to discuss the market in further detail if you have questions. For more market data check out our blog category Real Estate Trends.

 

 

 

Recent Market Summary

    Aug     Sept     Oct  
    Closed Sales    509     559     564  
   Inventory     1,019     921     808  
   Median Sales Price   $545k     $550k     $550k  
   Avg Days on Market    99     97     84  
   Avg % of Original Price    96%     97%     98%  

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