It’s been exactly one year since buyers started entering the Cape Cod market with wild abandon – sending prices soaring with each passing week and inventory to record lows. But are the winds of change finally beginning to blow on this unprecedented seller’s market? Most Realtors seem to think so. Let’s take a look at what’s going on. June 2020 marked the first month that pending sales started going through the roof, as Massachusetts began … Read more…
The first quarter of 2021 is just about over and the Cape Cod real estate market has continued to frustrate buyers, thrill sellers, and leave EVERYONE, including top economists, wondering how long the supply & demand imbalance will continue. Understanding the primary source(s) of the imbalance is key to crafting an informed opinion. So let’s dig deep into the numbers and see what we find. We’ve heard it said over and over again that inventory … Read more…
It was the best of times; it was the worst of times! True of late 18th century London and Paris and true of the 2020 Cape Cod Real Estate Market. Let’s take an in-depth look at the factors and numbers that defined this year’s market. At the onset, the 2020 market was off to a good start, with pending sales, new listings, and median prices all notably ahead when compared to 2019. But as fears … Read more…
Buyers, sellers, and homeowners alike have been asking us repeatedly how the Cape Cod real estate market is faring in light of the coronavirus pandemic. Here’s an in-depth look at what has been happening and what we expect to see in the near future. First, let’s explore where we’ve been. 2019 ended with inventory down 20% from the prior year and pending sales down 24%. In January 2020, we began to see a bit of … Read more…
Whether you’re thinking of buying or selling a home on Cape Cod this year, it’s important to understand the overall Cape Cod real estate market to help you prepare for and negotiate your own transaction. Recent History Before the most recent real estate crash that affected nearly all US markets, the Cape Cod Real Estate market (as a whole) had peaked somewhere around the summer of 2006.* It took 10+ years for the median prices … Read more…
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