This is certainly turning out to be a challenging winter. It started off with almost no snow at all, but the last couple of weeks – wow, we’re breaking records!
Here are some great photos from Cape Cod Wave during the Juno blizzard.
Interestingly (or at least to me), the inventory of homes for sale in Falmouth is down by about 25% from where it’s been for the last several YEARS. I’m seeing homes that have been on the market for several months go under agreement. I’m guessing that buyers who saw homes in the fall and early winter are using snow-related time at home to negotiate on homes that they’d already seen.
A lot of new homes are not coming on the market, and this probably is weather-related. If the tension between significantly fewer homes available for sale and sparse new inventory continues, there’s only one result: prices go up. Time will tell. For right now, it’s still a good time for buyers.