September 2018 Market Update

August Review:  The big news here is that inventory continues to grow.  We currently have 6.4 months of single family home inventory in Barnstable County as well as increasing number of homes for sale (labeled as inventory in the table below).  Generally a market with around 5 and 6 months of inventory is considered healthy so we are relieved to see these numbers up again.  We also tend to see a spike in listings this time of year simply because people are done using their summer homes, but we'll have to wait and see if the trend continues.

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	June	July	August
Closed Sales	413	330	358
Inventory	1,992	2,071	2,182
Median Sales Price	$438K	$440K	$420K
Avg Days on Market	95	83	90
Avg % of Original Price	95%	96%	95%