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Cape Cod Market Update May 2021

April Review: March Market update

  As we venture into April we can start comparing market numbers from COVID impacted months in 2020; put simply, the market now is far hotter than it was right at the start of the pandemic.  As you can see in our "What's Up & What's Down?" graphic at right market activity is up in every category except for inventory and days on market.  Of more interest is the trend over the past few months.  April saw a significant gain in inventory for the first time since spring of 2020 and median sales price dropped compared to last month (March '21).  As we look to the future we are hopeful that these are indicators inventory will steadily increase thus helping to sate the incredible buyer appetite for Cape Cod homes.  While we can't predict the future we do know that the market is incredibly favorable to sellers and, if you are interested in selling, now is the time.  

 Whichever seat you are in, whether buying, selling or vacation renting, the professionals at Chatelain Real Estate are here to give you the expert advice you will need to make your transaction a success. For more market data check out our blog category Real Estate Trends.  You can also give us a call any time - we look forward to hearing from you.

Recent Market Summary

    Feb     Mar     Apr  
    Closed Sales    264     290     307  
   Inventory     343     346     394  
   Median Sales Price   $560k     $654k     $625k  
   Avg Days on Market    76     76     57  
   Avg % of Original Price    98%     99%     101%