Housing Market Starts to Rebound; Inventory Shortage Squeezing the Market and Escalating Prices

 

Buyer activity in the Cape Cod market is greatly increasing as coronavirus restrictions ease, however, the lack of homes for sale creates uncertainty on further rebounding of the housing market. The month of May ended with an expected steep decline in homes sold, but an uptick toward the end of the month in homes going under contract – indicating a return of buyer activity. The median sales price is also increasing as the inventory shortage squeezes the supply in the market.

Latest market review from Cape Cod and Island Association of Realtors

See the full reports on Barnstable County here

Barnstable County Real Estate Stats May 2020

Cape Cod Housing Market Starts to ReboundInventory Shortage

Hyannis Real Estate Report for 2nd Quarter 2020

 

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About the author

Michael Mahoney

Michael Mahoney

Boston Realtor

Michael Mahoney is a full time Realtor in Boston, Massachusetts. Michael covers most of Greater Boston. Michael's focus areas are primarily Norfolk and Suffolk Counties. You can reach Michael via email at mike@mmahoney.com or via phone at 617-615-9435. Michael is a sales agent affiliated with Century 21.

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