See photos and updates from listings directly in your feed
Share your favorite listings with friends and family
Save your search and get new listings directly in your mailbox before everybody else
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 May 2024 vs April 2024
The Number of SOLD listings increased 26% to 283 properties with a top sale of $6.9 million at 9 Oppen Lane in Provincetown.
The Average Sales Price decreased 3% to $1 million and the Average Price Per Square Foot increased 3% to $524.
The inventory of properties available for sale as measured in months supply decreased by 9% to 3.42 months worth of properties for sale.
The average 30-year fixed mortgage rate decreased by 2% to an average rate of 7.17% 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
April 2024 – $1038503.85
May 2024 – $1006562
3% down
Average Days On Market
April 2024 – 45
May 2024 – 45
0% no change
Average Sale Price Per Square Foot
April 2024 – $508.06
May 2024 – $523.55
3% up
Median Sales Price
April 2024 – $745000
May 2024 – $769000
3% up
Number of Sold Listings
April 2024 – 224
May 2024 – 283
26% up
Months Supply of Inventory
April 2024 – 3.77
May 2024 – 3.42
9% down
Mortgage Rate
April 2024 – 7.31%
May 2024 – 7.17%
2% down
Top 10 Sales
- $6883000 9 Oppen Lane Provincetown, MA
- $5000000 21 Captains Cove Lane Chatham, MA
- $4900000 110 Sea Shells Drive Chatham, MA
- $4300000 3 Pilgrims Landing Provincetown, MA
- $4000000 192 Eastward Road Chatham, MA
- $3900000 2 Harbour Drive Provincetown, MA
- $3100000 14 Beach Way Sandwich, MA
- $3000000 41 Saquatucket Bluffs Road Harwich, MA
- $2925000 349 Phillips Road Sandwich, MA
- $2900000 15 Chase Avenue Dennis, MA
GRAB OUR FREE COURSES
➡ 6 Steps To Home Buyer Success – http://griffinbuyercourse.com
➡ 7 Steps To Home Seller Plan – http://griffinsellercourse.com
➡ 8 Steps To Agent Success – http://griffinagentcourse.com
