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Sales of single-family homes on Cape Cod decreased for the first quarter of the year, as a tight supply of homes for sale continued, according to the Massachusetts Property Information Network.
A total of 344 homes changed hands between January 1st and March 31st of this year, compared to 372 during the same period a year ago. That's a drop of 7.5 percent. With fewer homes for sale, eager buyers pushed prices up by 1.6 percent. The median cost of a home on the Cape is now $310,000. Last year at this time it was $305,000. To download the full report with sales by price point, sales price to list price ratio and other data, click below: Barnstable County 1st Quarter Market Watch 2014
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Maureen Green
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