2021 Q1 Market Overview

The Cape Cod real estate market continues to break records as we close the first quarter of 2021. The number of sold listings is up by 20% in Barnstable County year-over-year. The median residential sales price closed the quarter at $500,000, up 23% from this time last year. Breaking down further into regions, the Lower and Outer Cape carry the highest increase in sold listings by 34% and 44% respectively. The median sales price on the Outer Cape is an astonishing $615,000 and the highest in Barnstable County. The increase in closed sales comes as inventory continues to plummet. The number of active listings is down by 75% across Barnstable County for the quarter. New listing inventory is down by 77%. These statistics put the current absorption rate at .62 months supply of inventory.