Cape Cod Absorption Rates Continue High

Even though there have been 391 condo sales in the past six months on Cape Cod, the number of new listings continues to out-pace the sales. As a result, the number of months it would take to exhaust the current inventory (absorption rate) remains high. The rate in a "normal" market would be approximately five months.

What does this mean? It means that we still have a buyer's market and there a many good deals available.

 Town               Listings          Sales 6 Months       Absorption  Rate 

Barnstable          146                     46                      19

Bourne                 50                     13                      23

Brewster               74                     32                      14

Chatham              33                       7                      28

Dennis                 95                     36                       16

Eastham              34                       3                       60

Falmouth             57                      30                      11

Harwich                57                     10                       34

Mashpee            118                     59                       12

Orleans                37                     19                      12

Provincetown       228*                   67                      16

Sandwich              35                       7                      30

Truro                   60                     13                      28

Wellfleet              28                       2                      84

Yarmouth           104                     45                      14

            *Includes approximately 50 timeshares