08/05/2026
5️⃣ YEAR MARKET REVIEW 🏠
Point 1 – Prices Continue to Climb
📈 Cape Cod home values have continued to rise.
Five years ago (July 2021), the average sale price was $839,556.
Today, it’s $1,161,773—an increase of more than 38%.
Even in a shifting market, Cape Cod real estate has continued to build long-term value.
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Point 2 – Homes Are Taking Longer to Sell (But Not Long)
🏡 The frenzy has cooled—but demand is still strong.
Average days on market increased from 25 days in 2021 to 35 days today.
That’s still a remarkably fast market compared to historical norms, giving buyers a little more breathing room while sellers continue to see strong demand.
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Point 3 – Mortgage Rates Changed Everything
💰 The biggest difference isn’t home prices—it’s financing.
• July 2021 mortgage rate: 3.04%
• July 2026 mortgage rate: 6.69%
Despite mortgage rates more than doubling, Cape Cod home values have continued to appreciate. That’s a testament to the area’s desirability and limited housing supply.
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Point 4 – Inventory Is Improving
📊 Buyers finally have more choices.
Months of inventory increased from 2.75 months in 2021 to 3.56 months today.
We’re still in a seller-favored market (a balanced market is closer to 5–6 months), but conditions are becoming healthier for both buyers and sellers.
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Point 5 – Market Perspective
🔍 The market has evolved—not collapsed.
Compared to five years ago:
✔️ Home prices are significantly higher.
✔️ Inventory has improved.
✔️ Homes take a little longer to sell.
✔️ Mortgage rates are much higher.
The Cape Cod market has shifted from the fast-paced frenzy of 2021 to a more balanced, sustainable market—creating opportunities for both buyers and sellers who have the right strategy.
