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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