In April, Cape Cod sellers were listing homes at a rate the market hadn’t seen in years, according to the Cape Cod & Islands Association of REALTORS® April 2024 Market Stats Report. 

By month’s end, 495 single-family homes and 137 condominiums were listed for sale in the Cape Cod & Islands Multiple Listing Service. That’s a 15.7% increase in single-family home listings and an 11.4% increase in condo listings from April 2023.

Ryan Castle, CEO of the Cape Cod & Islands Association of Realtors, said now’s the time to look if you are thinking about buying. 

“Sellers are listing houses at a pace we have not seen in the last few years,” Castle said. “If you have been considering buying, it’s a great time to see what is new to the market. The market could continue to use more homes to help ease affordability pressures.” 

In April, 279 homes sold on the Cape, including 222 single-family homes and 57 condominiums, at median prices of $809,250 and $512,500, respectively. A year ago, 216 single-family homes and 68 condos sold at median prices of $762,500 and $441,250.

Meanwhile, pending home sales rose in April, while condominium sales fell. 

Pending sales for single-family homes increased 18.1% from last year to 300 while pending condominium sales fell 6.1% to 62. In April 2023, there were 254 pending single-family homes and 66 pending condominiums.

Compared to last year, days on market stayed the same as last year at 46. Meanwhile, condominium days on market grew 27.3% compared to last year, increasing to 56 days from 44.