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(Prices and inventory current as of Jul 3, 2022)

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Direct Access To All Multiple
Listings Like Realtors®

(Prices and inventory current as of Jul 3, 2022)

See Pictures and updates (icon)See photos and updates from listings directly in your feed

Share with you friends (icon)Share your favorite listings with friends and family

Save your search (icon)Save your search and get new listings directly in your mailbox before everybody else

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Real Estate Market Update | Cape Cod | May 2022 Vs April  2022

Real Estate Market Update | Cape Cod | May 2022 Vs April  2022

Welcome to The Griffin Real Estate Market Update.

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 May 2022 versus April  2022: 

The Number of SOLD listings increased by 9% to 273 properties with a top sale of  $7.275 million at 500 Shore Road in Chatham. 

The Average Sales Price decreased by 10% to $981000 moving the Average Price  Per Square Foot down to $495 per square foot. 

The inventory of properties available for sale as measured in months supply  increased by 5% to 2.87 months worth of properties for sale. 

The average 30 year fixed mortgage rate decreased to 5.28% according to Bank  Rate.com.

Cape Cod

Average Sales Price
April 2022 – $1093309
May 2022 – $981402
10% down

Average Days On Market
April 2022 – 42
May 2022 – 30
29% down

Average Sale Price Per Square Foot
April 2022 – $531.11
May 2022 – $494.99
7% down

Sale to List Price Ratio
April 2022 – 100.66%
May 2022 – 101.94%
1% up

Number of Sold Listings
April 2022 – 250
May 2022 – 273
9% up

Months Supply of Inventory
April 2022 – 2.73
May 2022 – 2.87
5% up

Mortgage Rate
April 2022 – 5.42%
May 2022 – 5.28%
3% down

Top 10 Sales

  1. $7275000 500 Shore Road Chatham, MA
  2. $5800000 58 Whistler Lane Chatham, MA
  3. $5495000 30 Twinings Lane Orleans, MA
  4. $4750000 41 Uncle Roberts Road Yarmouth, MA
  5. $3600000 322 Green Dunes Barnstable, MA
  6. $3530000 14 Little Cove Lane Orleans, MA
  7. $3500000 587 Commercial Street Provincetown, MA
  8. $3375000 128 Starboard Lane Barnstable, MA
  9. $2960000 83 Bunker Hill Road Barnstable, MA
  10. $2850000 119 Scatteree Road Chatham, MA

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