Cape Cod Market Report 2022 Q3

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Highest Q3 Median Price EVER. Lowest Q3 sales since 2017. Coming Soon: A Deep Dip look at Days On Market.

Cape Cod Associates

© Bill Silver 2022 Realtor® Cell: 508-277-1000 Bill@BillSilver.com

Harwich Port, MA 508-432-8600

Intro

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Hi! I’m Bill Silver. I’m a realtor with Cape Cod Associates Real Estate in lovely Harwich Port.

Cape Cod Associates

© Bill Silver 2022 Realtor® Cell: 508-277-1000 Bill@BillSilver.com

Harwich Port, MA 508-432-8600

Median Sold Price – Q3 2022

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The data for this report is for: Single Family Homes – in Barnstable County – listed on Cape Cod and Islands MLS. The data for this report is for: Single Family Homes – in Barnstable County – listed on Cape Cod and Islands MLS. The median sold price in Q3 was $685 thousand dollars.

Quarter-to-Quarter, the median sold price was down 5.4% from the all time high of $724K in Q2. Year-to-Year, the median sold price was UP 12.3% from the $610K in Q3 last year, and is the highest Q3 median price EVER.

Cape Cod Associates

© Bill Silver 2022 Realtor® Cell: 508-277-1000 Bill@BillSilver.com

Harwich Port, MA 508-432-8600

Median Sold Price History

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Here are the Quarterly Median Sold Prices over the last 4 years. This visual makes it easier to grasp how steeply Cape Cod home prices have gone up in the time of COVID. Since Q1 Since Q1 2020 the median sold price has gone UP 57%.

Year-to-Year quarterly prices have gone UP every quarter since Q2 2016. That’s 26 quarters in a row, with an overall price increase of Double the $343K in Q1 2016.

Cape Cod Associates

© Bill Silver 2022 Realtor® Cell: 508-277-1000 Bill@BillSilver.com

Harwich Port, MA 508-432-8600

# Sales – Q3 2022

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The number of single-family homes sold in Barnstable County in Q3 was 1,012. Quarter - to - Quarter, Q3 Sales were UP 15% from the 880 sales in Q2.

Year – to – Year, Q3 sales were down – 12.8% -- from the 1,161 sales in Q3 last year.

Cape Cod Associates

© Bill Silver 2022 Realtor® Cell: 508-277-1000 Bill@BillSilver.com

Harwich Port, MA 508-432-8600

# Sold History

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Here are the Number of Sales for each Quarter over the last 4 years.

The 1,012 sales in this quarter are the lowest Q3 sales since 2017 .

Cape Cod Associates

© Bill Silver 2022 Realtor® Cell: 508-277-1000 Bill@BillSilver.com

Harwich Port, MA 508-432-8600

Dollar Volume – Q3 2022

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Dollar Volume is the Total Number of Sales Dollars for all sales in the quarter. The numbers shown are in Millions. The Dollar Volume in Q3 was $983 Million. Quarter-to-Quarter, the Dollar Volume was UP 11% from the $885 M in Q2. Year-to-Year, the Dollar Volume was UP 1% from the $971 M in Q3 2021.

Cape Cod Associates

© Bill Silver 2022 Realtor® Cell: 508-277-1000 Bill@BillSilver.com

Harwich Port, MA 508-432-8600

Dollar Volume History

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Here are the Dollar Volume results for the last 4 Years. These numbers are the TOTAL Dollar Volume for each year. Of course, note that 2022 has data for only three quarters.

Here are the Average Quarterly Dollar Volume results – Before and After Covid.

Cape Cod Associates

© Bill Silver 2022 Realtor® Cell: 508-277-1000 Bill@BillSilver.com

Harwich Port, MA 508-432-8600

DOM History

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Here are the Median Days On Market results for the last 4 years. It is easy to see the dramatic change Pre Covid vs. Post Covid.

I am preparing now what I call a Deep Dip Look at Days On Market. It’s Coming Soon.

Cape Cod Associates

© Bill Silver 2022 Realtor® Cell: 508-277-1000 Bill@BillSilver.com

Harwich Port, MA 508-432-8600