BARNSTABLE – Newly released statistics point to the housing market in Barnstable County improving at a slow and steady rate.
The Registry of Deeds says the value of homes on Cape Cod continues to increase, and is up nearly six percent this year. Sales activity is slightly below last year’s mark by just under one percent.
“The value going up is a positive sign, and with some luck we’ll see a decent December and that will allow us to finish the year in a strong position and maybe slightly ahead of where we were a year ago,” said Register of Deeds Jack Meade. “We’ve had two years of pretty steady growth, and I think that bodes well going forward,” added Meade.
Foreclosures continue to decrease on the Cape, with a 24 percent reduction through the first 11 months of the year.
The median home price in Barnstable County this year sits at $322,000