Nichole Willey & Team with Keller Williams Cape Cod & Colonial Partners are your #1 resource for real estate and rental market information on Cape Cod and beyond. In this month's May update, we are seeing incredible momentum and activity across Barnstable County.

Breaking Down the Numbers

The spring market on Cape Cod delivered serious action this past May. Buyers were highly motivated, pushing pending sales up to 681, which is a substantial 26.8% increase year over year. Closed sales also saw a steady climb, reaching 549 homes settled, representing a 6.6% increase compared to this time last year.

We also saw an injection of fresh options for eager buyers, with 900 new listings hitting the market. This is a 5.4% lift from last year. However, overall inventory remains quite tight. Total homes for sale sat at 1,658, which is an 8.4% decrease year over year. This limited supply means our monthly supply of inventory dropped by 6.4% down to 3.6 months. Because demand is so strong, homes are moving faster. The average days on market decreased by 7.5%, meaning properties averaged just 44 days to go under contract.

When it comes to pricing, the Cape Cod market remains remarkably resilient. The median sales price crept up slightly by 0.1% to $750,000. Buyers are staying realistic and competitive, with sellers receiving an average of 96.9% of their original list price, which is just a tiny 0.3% dip from last year.

What This Means for Buyers and Sellers

If you are thinking about making a move on Cape Cod, these numbers highlight why having an intentional strategy is so crucial. For sellers, your property is entering a market with reduced inventory and highly motivated buyers who are locking in pending sales at a rapid clip.

For buyers, while the competition is steady, the increase in new listings means fresh inventory is popping up. Navigating a market with a 3.6 month supply requires quick action, clear goals, and an experienced local guide to help you put your best foot forward.

Beyond the Sale

At Nichole Willey & Team, we know that real estate on Cape Cod is rarely one size fits all. The local housing ecosystem is diverse, and your needs might extend beyond standard residential sales. That is why our team specializes in a wide range of property services to support our community at every stage of life.

Whether you are seeking year-round or long-term rentals, managing lucrative short-term rentals, or navigating the sensitive details of senior real estate transitions as certified Senior Real Estate Specialists (SRES), we have the direct local expertise to guide you seamlessly through the entire process.

The Close

Every real estate journey is unique, and the best way to leverage these market stats is to tailor them to your specific timeline and vision. Connect with Nichole Willey & Team today by calling 508-737-3567 or emailing [email protected] to discuss your real estate and rental goals for the year.