MARKET NOTE
GREATER BOSTON
CAPE COD AND THE ISLANDS
Single-Family Market Snapshot: Q1 2026
Single-Family Market Snapshot: Q1 2026
The Greater Boston single-family housing market in Q1 2026 reflects a gradual shift toward more balanced conditions. While sales activity has declined modestly and properties are taking longer to secure offers, home prices continue to rise indicating sustained demand and underlying market resilience. Despite early signs of moderation, the single- family market remains favorable to sellers. Year- over-year sales volume has decreased by 7%, suggesting a slight decrease in transaction activity, while median home values have increased by 1.8%, demonstrating continued price stability. Simultaneously, the average time to secure an offer has risen by 16%, indicating a more leisurely pace among buyers.
The Cape Cod single-family market is showing steady resilience with signs of normalization. Closed sales increased 6.6% year-over-year, while median sale prices rose 4.7%, reflecting ongoing value appreciation, though at a more measured pace than prior years. At the same time, the average days to offer climbed significantly, up nearly 22%. Overall, the market suggests healthy activity with moderating conditions: demand remains intact, pricing is still trending upward, but the pace of the market is easing, giving buyers slightly more leverage while still supporting strong seller outcomes.
Condominium Market Snapshot: Q1 2026
Condominium Market Snapshot: Q1 2026
The Cape Cod condo market is demonstrating measured growth with improving pricing trends and steady demand. Closed sales increased 2.1% year-over-year, while median sale prices saw a more notable rise of 10.1%, indicating sustained interest. However, the pace of the market has slowed considerably as average days to offer rose sharply by 45.5%, as buyers take more time to evaluate options and negotiate.
In contrast, the Greater Boston condominium market is showing slightly clearer signs of softening. Sales volume has declined by 4.2%, median prices have decreased by 3.5%, and days to offer have increased by 18%. Together, these trends point to a transition toward more balanced and increasingly buyer-favorable market conditions.
Data sources used: 1) MLSPIN Quarterly Area Market Review, January 1, 2025 – March 31, 2025 vs January 1, 2026 – March 31, 2026 for single-family and condo properties in the Greater Boston towns listed in pages 8-39 of this report. 2) Cape Cod towns and numbers are pulled from the summary page of this report, page 41. 3) Martha’s Vineyard and Nantucket numbers are pulled from the summary page of this report, page 45.
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