April 18, 2022 Research & Data CCIAOR Data and Research
Cape Cod 2022 First Quarter Market Report
How does the 2022 market stack up through March compared to 2021?
How does the 2022 market stack up through March compared to 2021?
The middle of 2020 through the middle of 2021 was a historic run for Cape Cod real estate but as the year came to a close, the number of sales began declining as housing sales inventory has been nearly completely depleted with a lack of new housing replacing those coming off the market.
According to preliminary data released last week by the Cape Cod & Islands Association of REALTORS® (CCIAOR), 473 homes sold in October, 365 single-family homes and 108 condominiums. Median sales price was $640,000 for single-family homes and $415,500 for condominiums.
According to preliminary data released this week by the Cape Cod & Islands Association of REALTORS® (CCIAOR), 533 homes sold in September, 416 single-family homes and 117 condominiums. Median sales price was $625,500 for single-family homes and $400,000 for condominiums.
Cape Cod Real Estate Prices Level Off in August as Market Activity Continues Return to Normal
The 12-month frenzy fueled by buyers seeking refuge and respite on Cape Cod has subsided as market activity is returning to pre-pandemic levels.