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Welcome to The Griffin Real Estate Market Update, I’m Danny Griffin.
If you’re thinking about buying or selling residential real estate, it’s important to understand the current market trends.
According to Cape Cod & Islands Association of Realtors, the marketplace for Cape Cod residential properties, here’s what happened in June 2024 vs July 2024
The Number of SOLD listings decreased 9% to 238 properties with a top sale of $12.2 million at 807 Sea View Avenue in Barnstable.
The Average Sales Price decreased 1% to $1.22 million and the Average Price Per Square Foot remained the same at $556.
The inventory of properties available for sale as measured in months supply increased by 8% to 4.13 months worth of properties for sale.
The average 30-year fixed mortgage rate decreased by 2% to an average rate of 6.86% according to Bank Rate.com
If you’re thinking about buying or selling residential real estate now or in the near future, it’s important to seek the guidance and advice of a professional real estate agent.
Thanks for tuning in, we’ll see you in the next Griffin Real Estate Market Update.
Cape Cod
Average Sales Price
June 2024 – $1229914
July 2024 – $1215643
1% down
Average Days On Market
June 2024 – 40
July 2024 – 34
15% down
Average Sale Price Per Square Foot
June 2024 – $556.58
July 2024 – $556.09
0% no change
Median Sales Price
June 2024 – $822000
July 2024 – $806000
2% down
Number of Sold Listings
June 2024 – 262
July 2024 – 238
9% down
Months Supply of Inventory
June 2024 – 3.82
July 2024 – 4.13
8% up
Mortgage Rate
June 2024 – 7.02%
July 2024 – 6.86%
2% down
Top 10 Sales
- $12200000 807 Sea View Avenue Barnstable, MA
- $11750000 995 Sea View Avenue Barnstable, MA
- $6800000 11 Nons Road Harwich, MA
- $6150000 158 Westwood Road Falmouth, MA
- $6000000 1272-1276 Main Street Barnstable, MA
- $4100000 25 Oakdale Path Barnstable, MA
- $3800000 95 South Road Bourne, MA
- $3800000 101 Old Dock Road Falmouth, MA
- $3677000 189 Harbor Point Road Barnstable, MA
- $3650000 8 Nutmeg Lane Barnstable, MA
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