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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 the Cape Cod & Islands Association of Realtors, the marketplace for Cape Cod residential properties here’s what happened in November 2022 versus October 2022:
Cape Cod
Average Sales Price
October 2022 – $989947
November 2022 – $961965
3% down
Average Days On Market
October 2022 – 30
November 2022 – 36
20% up
Average Sale Price Per Square Foot
October 2022 – $501.39
November 2022 – $482.96
4% down
Sale to List Price Ratio
October 2022 – 97.73%
November 2022 – 95.01%
3% down
Number of Sold Listings
October 2022 – 250
November 2022 – 267
7% up
Months Supply of Inventory
October 2022 – 3.75
November 2022 – 3.09
18% down
Mortgage Rate
October 2022 – 7.20%
November 2022 – 6.78%
6% down
Top 10 Sales
- $10500000 251 Green Dunes Drive Barnstable, MA
- $6900000 190 Associates Road Falmouth, MA
- $5500000 23 Snow Inn Road #2 Harwich, MA
- $4200000 25 Davis Lane Harwich, MA
- $4090000 364 Old Harbor Road Chatham, MA
- $3975000 111 Harris Meadow Lane Barnstable, MA
- $3875000 697 Scudder Avenue Barnstable, MA
- $3350000 114 Seapuit Road Barnstable, MA
- $3250000 120 Nantucket Drive Chatham, MA
- $3232500 212 Willowbend Drive Mashpee, MA
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