Cape Cod home sales continue to climb

by Liz Hughes

Cape Cod home sales continued to rise in February as interest in homes in vacation areas remained strong.

Barnstable County home sales were up more than 50% over last year, according to a recent Cape Cod and Island Real Estate Association report

February saw the sale of 263 single-family homes and 74 condominiums, compared to last February, which saw 173 single-family homes and 55 condos sold. 

Like other markets inventory continues to be an issue for Cape Cod. Homes for sale on the Cape fell to historic levels last month. 

There were only 343 single-family homes and 146 condominiums for sale across Barnstable County, down 77.1% and 66.4%, respectively, from 1,500 single-family homes and 434 condos listed in February 2020. 

The median sales price of homes was also up last month. The median sales price for a single-family home in February was $560,000, compared to $435,000 a year earlier, while the median sales price for condominiums was $350,000, compared to $332,500.

“Demand for homes in the market is still strong, but the inventory situation is increasingly uncertain,” Ryan Castle, CEO of the Cape Cod & Islands Association of Realtors said in a release. “We are not seeing listings come on the market in numbers that would make any difference in affordability or in slowing the increase in median sales price.”

Read More Related to This Post

Join the conversation

[gravityform id="3" title="true" description="false" ajax="true"]