2020 MID YEAR
Market Report
2020 MID YEAR MARKET REPORT
Cape Cod Cape Cod’s Average Sale Price was declining at the start of the year. However, the needs of buyers shifted and many started seeking exactly what the Cape has to offer: outdoor space, proximity to natural wonders, and a more casual lifestyle. As domestic and international travel have been curtailed for the near future, many buyers looked for vacation spots within a reasonable drive from their primary homes. Some buyers were also looking for what has been dubbed a “second primary home”, as many were now working from home and children were attending school remotely. The demand for Cape Cod continues to be incredibly strong.
Source: MLSpin For the purpose of this report, Cape Cod includes all Cape Cod Towns.
Average Sale Price $800,000
$600,000
2019
$400,000
2020
$200,000
$0 JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
Number of Transactions JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
2019
296
259
373
446
571
552
460
513
2020
368
246
437
344
437
547
735
607
Under Agreement JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
2019
294
349
468
493
609
489
533
499
2020
291
408
407
271
407
825
819
778
Number of Listings Taken JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
2019
477
543
734
881
851
716
651
717
2020
522
593
641
380
641
723
735
680
Local KN OWLEDGE. Gl obal NETWO R K.