October Market Update 2018

September Review:

September saw further gains in inventory with 6.7 months supply of single family homes.  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.  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.  

	July	Aug.	Sept.
Closed Sales	330	358	370
Inventory	2,071	2,182	2,291
Median Sales Price	$440K	$420K	$437K
Avg Days on Market	83	90	89
Avg % of Original Price	96%	95%	95%

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