Cape Cod Market Update March 2022

February Review: 

   We hate sounding like a broken record, but here goes anyway.  Inventory is as low as we have seen and continues to decline.  When drilling down into homes less than $650k, the dearth is even more concerning.  At the time of writing (3/15), there are 38 single family homes for sale in Barnstable County for less than $650k. New listings are not coming on the market at a rate needed to replenish inventory and larger market trends that we are watching, i.e. the expected rate hikes at the fed, have not yet come to pass.  For the foreseeable future, we expect the market to continue to favor sellers and be highly competitive for buyers.

 Whichever seat you are in, whether buying, selling or vacation renting, the professionals at Chatelain Real Estate are here to give you the expert advice you will need to make your transaction a success. For more market data check out our blog category Real Estate Trends.  You can also give us a call any time - we look forward to hearing from you.

	Dec	Jan	Feb
Closed Sales	370	256	180
Inventory	285	231	225
Median Sales Price	$650k	$660k	$618k
Avg Days on Market	34	34	36
Avg % of Original Price	99.9%	99.3%	100.2%