Cape Cod Market Update August 2019

<h3><a href="https://www.capecodchatelains.com/contact-us/"><img alt="" class="featured featured featured featured featured" src="https://s3.amazonaws.com/files.usmre.com/6177/blog/Market%20Update%20July%202019.png" style="width: 500px; height: 333px; margin: 9px; float: right;" /></a></h3>

<p>July&nbsp;Review:</p>

<p>&nbsp; &nbsp;Compared to this time last year, July saw only&nbsp;slight variation in four of the six metrics we investigate for this blog (pictured at right).&nbsp; Days on market was up significantly compared to this time last year;&nbsp;however it was down compared to June.&nbsp; Additionally the number of new listings was down&nbsp;nearly 15% compared to last year and lost about 9% compared to June this year.&nbsp; With all of this in mind we are seeing a normal decline in market activity due to the seasonality of our area.&nbsp; Nationally, mortgage interest rates are exceptionally low yet affordability continues to be a serious concern.</p>

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<h2>&nbsp;</h2>

<h2>Recent Market Summary</h2>
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<td style="text-align: center;">&nbsp;</td>
<td style="text-align: center;">May</td>
<td style="text-align: center;">June</td>
<td style="text-align: center;">&nbsp; July&nbsp;&nbsp;</td>
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<td style="text-align: center;">&nbsp; &nbsp; Closed Sales&nbsp;</td>
<td style="text-align: center;">&nbsp;441&nbsp;</td>
<td style="text-align: center;">361</td>
<td style="text-align: center;">&nbsp; 341&nbsp;&nbsp;</td>
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<td style="text-align: center;">&nbsp; &nbsp;Inventory&nbsp;&nbsp;</td>
<td style="text-align: center;">&nbsp;2,032&nbsp;</td>
<td style="text-align: center;">2,067</td>
<td style="text-align: center;">&nbsp; 2,044&nbsp;&nbsp;</td>
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<td style="text-align: center;">&nbsp; &nbsp;Median Sales Price</td>
<td style="text-align: center;">&nbsp; $427K&nbsp;&nbsp;</td>
<td style="text-align: center;">&nbsp; $450K&nbsp;&nbsp;</td>
<td style="text-align: center;">&nbsp; $435K&nbsp;&nbsp;</td>
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<td style="text-align: center;">&nbsp; &nbsp;Avg Days on Market&nbsp;</td>
<td style="text-align: center;">&nbsp;101&nbsp;</td>
<td style="text-align: center;">106</td>
<td style="text-align: center;">&nbsp; 101&nbsp;&nbsp;</td>
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<td style="text-align: center;">&nbsp; &nbsp;Avg % of Original Price&nbsp;</td>
<td style="text-align: center;">&nbsp;95%&nbsp;</td>
<td style="text-align: center;">95%</td>
<td style="text-align: center;">&nbsp; 94%&nbsp;&nbsp;</td>
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<h2>&nbsp;</h2>

<h2>Check out these two blogs for more valuable insight into real estate on Cape Cod</h2>

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<p style="text-align: center;"><font color="#206799">&nbsp; &nbsp;<a href="https://www.capecodchatelains.com/blog/posts/2019/08/06/our-take-cape-cod-summer-rentals-2019/">Our Take: Are sharks really taking a bite out of the Cod Cod Summer Rental Market?</a></font></p>
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<p style="text-align: center;">&nbsp; &nbsp; <a href="https://www.capecodchatelains.com/blog/posts/2019/07/22/owning-a-septic-system-on-cape-cod-ins-and-outs/"> Owning a Septic System on Cape Cod</a></p>
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<td>&nbsp; &nbsp;<a href="https://www.capecodchatelains.com/blog/posts/2019/08/06/our-take-cape-cod-summer-rentals-2019/"><img alt="" src="https://s3.amazonaws.com/files.usmre.com/6177/blog/Shark.png" style="width: 300px; height: 139px; margin: 9px;" /></a>&nbsp;&nbsp;&nbsp;</td>
<td><a href="https://www.capecodchatelains.com/blog/posts/2019/07/22/owning-a-septic-system-on-cape-cod-ins-and-outs/"><img alt="" src="https://www.epa.gov/sites/production/files/styles/large/public/2018-11/conventional_septic_system-600x575.jpg" style="height: 288px; width: 300px; margin: 9px;" /></a></td>
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