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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 Q2 2023 vs Q2 2024
The Number of SOLD listings increased 7% to 776 properties with a top sale of $22.75 million at 835 Sea View Avenue in Barnstable.
The Average Sales Price increased 12% to $1.09 million and the Average Price Per Square Foot increased 8% to $529.
The inventory of properties available for sale as measured in months supply increased by 13% to 2.10 months worth of properties for sale.
The average 30-year fixed mortgage rate increased by 3% to an average rate of 7.02% 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
Q2 2023 – $970495
Q2 2024 – $1086327
12% up
Average Days On Market
Q2 2023 – 36
Q2 2024 – 44
22% up
Average Sale Price Per Square Foot
Q2 2023 – $490.24
Q2 2024 – $528.63
8% up
Median Sales Price
Q2 2023 – $730000
Q2 2024 – $786000
8% up
Number of Sold Listings
Q2 2023 – 723
Q2 2024 – 776
7% up
Months Supply of Inventory
Q2 2023 – 1.86
Q2 2024 – 2.1
13% up
Mortgage Rate
Q2 2023 – 6.84%
Q2 2024 – 7.02%
3% up
Top 10 Sales
- $22750000 835 Sea View Avenue Barnstable, MA
- $8250000 104 Great Bay Road Barnstable, MA
- $7500000 4 Sea Street Harwich, MA
- $7067000 32 Dunes Road Harwich, MA
- $6883000 9 Oppen Lane Provincetown, MA
- $5800000 350 Windswept Way Barnstable, MA
- $5400000 354 Mistic Drive Barnstable, MA
- $5000000 21 Captains Cove Lane Chatham, MA
- $5000000 581 Shore Road Chatham, MA
- $4900000 110 Sea Shells Drive Chatham, MA
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