Local Market Update – February 2021 A Research tool provided by the Cape Cod and Islands Association of REALTORS®, Inc.
Provincetown February
Single-Family Properties Key Metrics
Year to Date
2020
2021
+/–
Pending Sales
2
5
+ 150.0%
Closed Sales
3
0
- 100.0%
$1,615,000
$0
- 100.0%
$1,212,500
Median Sales Price*
2020
2021
+/–
4
8
+ 100.0%
8
7
- 12.5%
$1,455,000
+ 20.0%
Inventory of Homes for Sale
28
10
- 64.3%
--
--
--
Months Supply of Inventory
9.1
2.1
- 76.9%
--
--
--
Cumulative Days on Market Until Sale
118
0
- 100.0%
180
69
- 61.7%
90.0%
0.05
- 94.4%
84.2%
95.0%
+ 12.8%
5
4
- 20.0%
7
7
0.0%
Percent of Original List Price Received* New Listings
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
February
Condominium Properties Key Metrics
Year to Date
2020
2021
+/–
2020
2021
+/–
Pending Sales
8
16
+ 100.0%
18
32
+ 77.8%
Closed Sales
11
13
+ 18.2%
21
22
+ 4.8%
Median Sales Price*
$700,000
$789,000
+ 12.7%
$682,500
$722,500
+ 5.9%
Inventory of Homes for Sale
82
31
- 62.2%
--
--
--
Months Supply of Inventory
5.9
1.8
- 69.5%
--
--
--
Cumulative Days on Market Until Sale Percent of Original List Price Received* New Listings
146
242
+ 65.8%
145
189
+ 30.3%
93.2%
91.6%
- 1.7%
93.5%
94.9%
+ 1.5%
14
8
- 42.9%
25
19
- 24.0%
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
Median Sales Price – Single-Family Properties Rolling 12-Month Calculation
Median Sales Price – Condominium Properties Rolling 12-Month Calculation
Barnstable County —
Barnstable County — Provincetown —
Provincetown — $1,400,000
$700,000
$1,200,000
$600,000
$1,000,000 $500,000 $800,000 $400,000 $600,000 $300,000
$400,000
$200,000 1-2011
7-2012
1-2014
7-2015
1-2017
7-2018
1-2020
$200,000 1-2011
7-2012
1-2014
7-2015
1-2017
7-2018
1-2020
All data from the Cape Cod and Islands Association of REALTORS®, Inc. Report © 2021 ShowingTime.