October Market Update 2018

<h3>September Review:</h3>

<p>September saw further gains in inventory with 6.7 months supply of single family homes.&nbsp; Since September and October generally experience the last of the summer listing frenzy before the winter slump and, with the rising interest rates and other market trends leading towards a more buyer favored market, the growth in inventory may continue into October at least.&nbsp; Median sales price continues to move upward compared to last year and, as a point of growing regional concern, the affordability index for Barnstable County continues to trend downwards.&nbsp;&nbsp;</p>

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<h2 style="text-align: center;">Recent Market Summary</h2>
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<td>&nbsp;</td>
<td style="text-align: center;">July</td>
<td style="text-align: center;">Aug.</td>
<td style="text-align: center;">Sept.</td>
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<td style="text-align: center;">Closed Sales</td>
<td style="text-align: center;">330</td>
<td style="text-align: center;">358</td>
<td style="text-align: center;">370</td>
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<td style="text-align: center;">Inventory</td>
<td style="text-align: center;">2,071</td>
<td style="text-align: center;">2,182</td>
<td style="text-align: center;">2,291</td>
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<td style="text-align: center;">Median Sales Price</td>
<td style="text-align: center;">$440K</td>
<td style="text-align: center;">$420K</td>
<td style="text-align: center;">$437K</td>
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<td style="text-align: center;">Avg Days on Market</td>
<td style="text-align: center;">83</td>
<td style="text-align: center;">90</td>
<td style="text-align: center;">89</td>
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<td style="text-align: center;">Avg % of Original Price</td>
<td style="text-align: center;">96%</td>
<td style="text-align: center;">95%</td>
<td style="text-align: center;">95%</td>
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<p>&nbsp;</p>

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<p style="text-align: center;"><a href="https://www.capecodchatelains.com/top-searches/">F</a><a href="https://www.capecodchatelains.com/top-searches/">eatured Search: Close to the beach!</a></p>
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