Home sales dipped during the month of November prompting price adjustments, according to preliminary data released by the Cape Cod & Islands Association of REALTORS®.

Last month, 199 single-family homes sold in Cape Cod, marking a year-over-year decrease of 24.3%. Meanwhile, condo sales dipped 11.8% to 60 condos sold.

The median sales price for these homes was $785,000 for single-family properties, and $439,500 for condominiums, compared to $739,000 and $540,000 in 2024, respectively. Notably, 37.69% of all transactions involved a cash buyer in November, up 1.65% from last year.

Single-family home listings fell by 5.8% year over year to 614, while condo listings saw a boost of 16.4% to 227. November saw Cape Cod’s market hit a list-to-sale price ratio of 95.5%.

Both single-family homes and condos lingered on the market. Single-family homes sat 7.5% longer on the market at 43 days; the cumulative number of days condos spent on the market grew 11.3% to 69 days.

“Sellers accurately pricing homes is becoming increasingly important, even with our perpetually limited inventory,” said Betsy Hanson, CEO of CCIAOR & CCIMLS. “With a list-to-sale price ratio of 95.5% at the end of November, the data shows that being realistic about what your home is worth on the open market is paramount for sellers. We’re simply not in a market where buyers are going over asking price on a regular basis.”