2019 Q2 Cape Cod Market Forecast

Created by Bill Silver

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Introduction

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Hi! I’m Bill Silver. I’m a realtor with Cape Cod Associates Real Estate in lovely downtown Harwich Port. Welcome to my Q2 Forecast for the Cape Cod Real Estate Market. This report is also available as a Slideshow. You can see it on my Market Reports web site:

CapeRealBill.com .

OK! Let’s have a peek into the future and see where our market is going in Q2. I hope this forecast is useful to you – and if so, please share it with your family and friends. Thank you!

© Bill Silver 2019

Cape Cod Associates

Q 1 Forecast Review

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Before I give you my forecast for the next Quarter – let’s review my previous forecast for this Quarter. My goal for these forecasts is to be accurate within 95% or more of the actual result. My forecast for the median sold Price in Q1 was $419,000. The actual result was slightly lower, $415,000. Accuracy 99%, or an error rate of 1%. This is about average for my price forecasts.

My forecast for the number of sales in Q1 was 791. The actual number of sales was – 729. Accuracy only 92%, or an error rate of 8%. Unfortunately, this is about average for my number- of-Sales forecasts.

© Bill Silver 2019

Cape Cod Associates

Q2 Price Forecast

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I think that the Median Sold Price will Inch UP in Q2. My forecast for the median sold price in Q2 is: $427,000 dollars. Quarter-to-Quarter, the median sold price will be UP 2.9% from the $415K in Q1.

More importantly, Year-to-Year, the median sold price will be Up, but only 0.5% from the $425K in Q2 2018. The median sold price will then have gone UP 13 quarters in a row – and 25 of the last 27 quarters. If you’re waiting for the BUBBLE to burst – not yet.

© Bill Silver 2019

Cape Cod Associates

Q2 Sales Forecast

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My forecast for the number of sales in Q2 is: 1,318. Quarter-to-Quarter this will be UP 80.7% from the 729 in Q2. The upside of the ever-present Q1 DiP.

More importantly, Year-to-Year sales will ZOOM UP 12.2% from the 1,175 of Q2 last year. After the downward trend for a year and a half, sales will have gone UP 3 quarters in a row.

© Bill Silver 2019

Cape Cod Associates

Finale

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That’s my market FORECAST report for Q2 . Thanks for watching. You can see all my reports at:

If you have any questions or comments call my cell:

508-277-1000

– OR – send an email to:

CapeRealRBill .com

Bill@BillSilver.com

See my YouTube Channel:

Wishing you smooth sailing on the seas of life .

Cape Real Bill

© Bill Silver 2019

Cape Cod Associates

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