As we enter the vibrant spring season, the Cape Cod real estate market presents a unique blend of opportunities and challenges. For discerning buyers and sellers, understanding the current landscape is crucial for making informed decisions.
Market Overview
Inventory Levels: As of January 2025, single-family home inventory on Cape Cod stood at 460 listings, reflecting a year-over-year increase but still indicating a tight market. Notably, fewer than 115 homes were available under the median sale price of $745,000, underscoring affordability challenges for many buyers.
Days on Market: The average days on market increased to 66 days, a 50% rise compared to January 2024. While this suggests a cooling trend, well-priced homes, especially in mid-range price points, continue to attract swift interest.
Median Sales Price: The median sales price reached $745,000 in January 2025, marking a 7.2% year-over-year increase. This growth reflects sustained demand, particularly among second-home buyers and investors.
Strategic Insights
For Sellers: Accurate pricing remains paramount. With increasing inventory and longer days on market, overpricing can lead to extended listing periods. Ensuring your property is in top condition through staging and addressing necessary repairs can enhance appeal.
For Buyers: Despite higher mortgage rates, opportunities exist, especially for those prepared to act decisively. Monitoring listings and understanding local micro-markets can provide a competitive edge.
