On Cape Cod, in the month of January, the median sale price of a single family home was up over $62K! Last year the median price was just over $297K. This year it is at $360K.
The median sale price for a condo was also higher. The $192K mark in '09 increased to $242K last month. That is an increase of $50K.
There were 18 more sales in January of this year than there were last year. The total volume for all sales increased by almost seven million dollars on Cape Cod.
With many indicators pointing toward higher interest rates, now is probably a good time to buy real estate on Cape Cod.