Median Sales prices continue to climb in both the single family and condominium markets and, as a result, we saw a considerable drop in the affordability index for Barnstable County in October. The inventory of homes dropped less than 2% since September and the current months of inventory, 6.6, is considered a healthy amount in a residential market. Additionally average days on market increased and percent of original sales price decreased, indicating a better market for buyers. The strong economic metrics and assurance the Fed will raise rates coupled with booming jobs reports and increasing wages could mean some changes in the real estate market here in Barnstable County.
|Median Sales Price||$420K||$437K||$480K|
|Avg Days on Market||90||89||98|
|Avg % of Original Price||95%||95%||94%|