June 1, 2018 Research & Data
June 2018 Market Report: Buyers Need to Act Quicker in Current Market
Cumulative Days On Market Drops 20% While Prices Rise 9.9%
Cumulative Days On Market Drops 20% While Prices Rise 9.9%
According to preliminary data released last week by the Cape Cod & Islands Association of REALTORS® (CCIAOR), 313 homes sold in March, 255 single-family homes and 58 condominiums.
A traditionally diverse housing market is becoming even more distinct as inventory shortages and rising prices for homes below half a million dollars continues to dominate the overall view of the Cape Cod housing market.
NAR’s recently released 2017 Investment and Vacation Home Buyers Survey shows a 21% drop in homes purchased for vacation purposes and a 4.5% increase in investment purchases for 2016.