Cape Cod Market Report 2020 Q4 FB
Q1 2021 Pop-Up Forecast
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I’ve let the uncertainty of COVID stop my forecasts for too long, so here goes. The Number of Sales forecast for Q1 is 991 . This is a new record for the number of Q1 sales. Yet, it will be down 35% from Q4. Sales are always down in Q1 every year. It’s the Q1 DiP . Year – to – Year sales will be UP 28% - from Q1 last year. This will be a new record for Year - to -Year Q1 % of sales increase.
No one really knows what will happen to prices in 2021. But, in Q1 prices are going UP again. My forecasted median sold price is $605K – a new record high. The 7.3% increase from Q4 will be a record high Q1 percentage of price increase. The 39.1% increase from Q1 last year will be the highest Year - to - Year percentage of price increase ever.
Cape Cod Associates
© Bill Silver 2020 Realtor® Cell: 508-277-1000 Bill@BillSilver.com
Harwich Port, MA 508-432-8600
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