Last quarter we addressed the crosscurrents in the real estate market: tight inventory, sellers frozen in place by their existing low mortgages, buyers still searching for the life they want, millennials continuing to come into the market.

Now the tide is turning:  The high water of the COVID-era seller's market is retreating.  The ebb tide is leaving fewer buyers in the waters and sellers more exposed to navigational [...]

High-End $2,000,000+ Market Highlights

• Inventory up 13% (197 vs record low 174 last year).
• Sales volume down 16% (143 vs record high 171 last year).
• Top sale: $15,100,000. 959 SeaView Ave, Osterville.
• Cape Cods high-end inventory is imporiving but historically low.
• Multi-year contractor lead times hamper sales of renovations and tear-down
• [...]

Market Highlights

High-End $2,000,000+ Market Highlights

• Inventory down 5% (328 vs 345 last year).
• Sales down 10% (298 vs record 330 last year).
• Top Sale: $11,800,000, 15 Dogwood Rd, Weston.
• Strong inventories and buyer demand continue to propel the market despite economic and political concerns.
• As usual special properties, expertly presented, reaching out to a broad market with a strong value proposition, will have a competitive
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Market Highlights

HIGH-END $2,000,000+ MARKETS HIGHLIGHTS

• Inventory up 26% (203 vs 161 last year).
• Sales volume down 30% (78 vs 112 last year).
• Top sale: $12,200,000, 209 Bay St, Osterville.
• Cape Cods high-end market inventory continues to improve.
• COVID-driven demand is slacking while rising inflation, interest rates, and global uncertainty remain
[...]

Market Highlights

HIGH-END $2,000,000+ MARKET HIGHLIGHTS

• Inventory up 90% (312 vs 164 last year).
• Sales down 21% (79 vs record 100 last year). For the first time in 20 quarters, sales fell compared to the previous year.
• Top Sale: $8,667,000, 69 Scotch Pine Rd, Weston.
• Elevated inflation, interest rates, and global uncertainty remain a concern for
[...]

Market Highlights

HIGH-END $2,000,000+ MARKET HIGHLIGHTS

• Inventory up 59% (153 vs 96 last year).
• Sales volume down 24% (34 vs record 45 last year).
• Top sale: $12,200,000, 209 Bay St, Osterville.
• Cape Cods high-end market is struggling with record low inventories. 
• COVID-driven demand is slacking while rising inflation, interest rates, and global uncertainty remain
[...]

Stewart Young, LandVest's Regional Director on Cape Cod and in Boston's western suburbs, compiles the LandVest Index which tracks sales of high-end properties across New England and the Adirondacks.

Market Highlights

HIGH-END ($2,000,000+) MARKET HIGHLIGHTS

• Inventory up 22% (171 vs 140 last year).
• Sales up 8% (Record 645 vs record 597 last year).
• Top Sale: $12,500,000, 10 Channing Street, Cambridge.
• Middlesex Countys high-end market continues to perform at record levels with strong demand and improving inventories.
• Suburban refuge, home-work balance, and underlying demographics remain important market factors resulting in competitive bidding and record low days on
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Market Highlights

HIGH-END ($2,000,000+) MARKETS HIGHLIGHTS

• Inventory up 11% (125 vs ten-year record low 113 last year).
• Sales volume down 7% (234 vs record 252 last year).
• Top sale: $18,500,000. 159 Main Street, Osterville. 
• Cape Cods high-end market continues to perform strongly despite record low inventories, negative economic factors, and diminishing COVID-driven
[...]