The stats clearly show a market that is heavily leaning toward the Seller's side, with very low inventory and a high number of homes under agreement. The current number of active single family homes (41) is about half what it was last year. The number of homes under agreement (ie Pendings) (42, down 10 from last month) is still very high, boding well for high August's sales. The fact that the number of Pendings exceeds the number of homes for sale indicates a FIRE HOT market..

If new listings can be found, I still see huge upside potential for later this year. The demand seems to be there. I think much of the anxiety that fuels the current buying also causes folks to not put their homes on the market. Also, (my hope) many folks are choosing to tackle the COVID thing after the summer season is over. If demand remains strong, inventory will stay low as new listings get scoffed up quickly, which may drive prices up modestly. We'll see.

Below is Gov Baker's chart, redrawn (again) so we can track our progress. I'll try to maintain this chart so that the key dates remain front and center. The Governor has said that Phase 3 will be 'substantially' longer than the prior phases. The chart below is my tracking of our progress. Check out the full list at 'Reopening Massachusetts'.

Several times a week I post articles that deserve to be re-seen. I post these to my Facebook 'corporate' page. Here are a few from the last month or so.

Would you like to follow me on Facebook? No problem! Just go to my page on Facebook and press "Like"

New Listings - Every Day!

Would you like to get notice of new listings? With a lessened inventory, your ability to act quickly depends, in part, on you finding out about new listings as they come online. I provide a service that will give you immediate notice of any new listings that are entered into the Cape Cod MLS that meet your criteria. This service is so good that I use it myself to get instant updates to Eastham listings. Sign up for this new service .... HERE!

EASTHAM - New Listing - Looking for a home with an amazing view, sensational sunsets, and deeded access to a tidal river that takes you directly to the bay? This home has all of that and 3 bedrooms, 2.5 baths, an open floorplan, updated kitchen, central AC, generator, full basement, large deck, and a 2 car garage. To be sold mostly furnished. Dream Here!

I Am MOVE SAFE ™ Certified

What does that mean to you (and me)? A description of the Move Safe certification can be found ... HERE.

EASTHAM - New Listing - This larger Gambrel-style Cape has had a major renovation in 2019 on the way to the market. All new hardwood and tile floors, new bathrooms, new natural gas furnace, and fresh paint. Downstairs we have a spacious living room, 2 larger bedrooms, a full bath, and the kitchen/dining space. Upstairs is a large bedroom and a huge loft space and another full bath. This home sits on a half acre at the very end of a quiet cul-de-sac. Easy access to all attractions in Eastham and Wellfleet. Dream Here! Go here for more information and photos.

Mortgage Corner - 3.375% - Steady - Again

Mortgage rates have swung wildly over the last few months. I expect that they will settle down at about the current level, the mid-3's. They are currently 3.375% (3.427% APR) for a 30 year fixed mortgage. Is now the time to buy your Eastham summer home?

For the last few (many weeks I've been publishing a weekly Coronavirus video newsletter. They have been well received. In case you missed one or more of these, they are Here.

Is it time for you to buy or sell Eastham property? Allow me to step through your options as your real estate agent. Call me at 508-237-9545 or send me an E-mail at BobSheldon@remax.net.

Buyers: If you plan to come to Eastham this summer, I'd love to show you what's available with a customized list of homes. Then, when you come out, we can go see the homes that seem to work for you. Call me to get started.

Sellers: This is, no-doubt, one of the best times EVER to sell your home in Eastham. Lower inventory means higher prices and faster sales. Would you like to know what your Eastham home is worth in today's marketplace? Call me for a no-obligation market analysis review of your property.