Cape Cod Market Report 2021 Q1

Q1 2021 Records

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Here is a brief description of the records set in Q1 2021. They give us added insight into how much COVID has affected our real estate market.

(1) The Q1 median sold price of $590 K was a new high, breaking the old record of $564 K just set in Q4. (2) The 44% decrease in the number of sales was the largest Quarter-to- Quarter decrease ever. The previous record was the 37% Quarter-to- Quarter decrease in Q1 2014.

(3) Dollar Volume is the total price of all the houses sold in the Quarter. The $739 Million dollars sold in Q1 is the highest Q1 Dollar Volume ever. It tops the previous record of $474 Million sold in Q1 last year. (4) The 65% Year-to-Year decrease in Days on Market is the largest since the 63% decrease in Q4.

Cape Cod Associates

© Bill Silver 2020 Realtor® Cell: 508-277-1000 Bill@BillSilver.com

Harwich Port, MA 508-432-8600