Cape Sees Rise in New Listings, Bucking Recent Trend
Cape Cod has seen a surprising bump in new home listings, kindling hope that the era of ever-declining inventory might be coming to a close – at least in Barnstable County.
Cape Cod has seen a surprising bump in new home listings, kindling hope that the era of ever-declining inventory might be coming to a close – at least in Barnstable County.
In the Cape Cod market, and across Massachusetts, inventory and interest rates are likely to continue to be the biggest challenges encountered by both buyers and sellers.
Massachusetts’ housing market measurably cooling, but inventory is – so far – not rocketing upwards. The causes, experts say, are complex.
The number of homebuyers seeking mortgages for second homes has taken a nosedive this year, even as the inventories of single-family homes and condominiums for sale on Cape Cod hit never-before-seen lows last month.
Realtors on Cape Cod, Martha’s Vineyard and Nantucket are subject to new fair housing training requirements after a vote by the members of the region’s Realtor association.
Massachusetts’ home sales figures slid downward for yet another month in March, as the state’s housing shortage and rising interest rates continued to bite.
Homebuyers looking to retire early or work remotely from more bucolic surroundings continued to flood Cape Cod towns and some South Shore this spring, pushing median sale prices to astounding heights. These towns saw the most price growth.
Realtors, commercial landlords and credit unions distributed tens of millions of dollars in recent weeks to groups and organizations doing good in their communities.
The number of single-family houses and condominiums for sale in Massachusetts grew substantially in nearly all of the state’s major markets last month, and market-watchers say the hot market could moderate later this year.
It may still be pretty chilly on the Cape, but the housing market is as scorching hot as the sand on Nauset Beach on a July afternoon.
The Cape Cod real estate market continues to outperform many other sectors of the Cape’s economy; however, a dwindling lack of homes for sale threaten to set it back in the coming months.
From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
An influential group of multiple listings service operators from around the country warn “the multiple listing service as we know it is in jeopardy,” but many Massachusetts real estate agents aren’t so sure.
Local professional real estate groups are applauding the National Association of Realtors’ decision Tuesday to try to curb the practice of pocket listings.