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Cape Cod Market Update September 2022

Market UpdateAugust Review: 

  The Cape Cod real estate market remains low on inventory and high on confusion.  We have been inundated these last weeks with requests for a quick look into our crystal ball and an idea about when the top, or bottom, of the market will be.  Unfortunately our crystal ball only reliably predicts the next day of the week.  The driving force in the Cape Cod real estate market continues to be low inventory.  How larger economic trends will impact the cost of borrowing money and mortgage rates specifically, we simply don't know.  What we can say is that, if you need to buy or sell a house on Cape Cod, there are transactions happening, both cash and conventional, and we can make it happen.

 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

    May     June     July     Aug  
    Closed Sales    296     324     286     304  
   Inventory     428     504     558     553  
   Median Sales Price   $749k     $711k     $686k     $700k  
   Avg Days on Market    28     17     24     23  
   Avg % of Original Price    104.4%     104.2%     101.9%     99.6%