September and October Review: The Cape Cod real estate market was in the thick of the usual fall "boom" with new listings and homes for sale both still elevated from the summer. Inventory continues to build. Overall inventory of single family homes is the highest it's been since November 2020. Much of this gain is still above the median sale price. At the end of October, there were 236 homes for sale less than $825k; 521 were for sale for $825k and up. Days on Market increases, may not be the full picture. Days on market is up, indicating that buyers are not as frenzied as in 2020 and 2021. Median Sales Price increases, again... October was another record at $825k. Despite drops in median price in both July and August, September and October erased that decrease.
