Cape Cod Real Estate Solid in June Despite Dip in Sales Volume

BARNSTABLE – After a strong month for real estate on Cape Cod in May, the volume of sales dipped in June.

Barnstable County Register of Deeds John Meade reports that the volume of real estate sales fell 9.1 percent from last year with total value of sales up 0.6 percent from June of 2018.

“We had a pretty solid June – down a little bit from last June, but last June was quite busy,” Meade said.

“This ended up being the second busiest month of the calendar year so far.”

The median individual property sale value was up 5.5 percent from last year to $406,000.

The median sales price has increased every month since December when it was $350,000.

“It’s been a pretty strong first six months,” Meade said. “If you take out foreclosure sales, we have only done 12 fewer sales than last year.”

For the year to date, volume of sales is down 1.6 percent, total value of sales is up 5.3 percent, the individual sales value is up 3.4 percent and mortgage volume is down 4.6 percent.

Meade said the higher end of the market was leading sales in June.

“It’s just getting tight at the lower end,” he said.

Meade is hopeful that the market will have a solid finish to the year and expects the level activity to remain similar to last year.

“The rising value does tend to slow things down,” Meade said. “Obviously, it makes it harder for people to get into the market the first time.”

About Brian Merchant

Brian Merchant grew up in Central Massachusetts and now lives in South Dennis on the Cape. He has been part of the news team in the NewsCenter since the spring of 2014. He studied radio broadcasting at the University of Tennessee.
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