Year End Review for Provincetown, Truro, Wellfleet and Eastham

All eyes are on the real estate market as it enters its fourth year of challenge, uncertain interest rates, low prices and a worldwide recession. Buyers are looking and there has been an increase in shopping activity, Provincetown through Eastham. But buyers are reporting they are waiting to pull the trigger until after the inauguration in two weeks. There is speculation that mortgage interest rates will drop to 4.5% across the board. This will mean huge opportunity and has generated many inquiries regarding active properties.

How did the market perform in 2008 compared to the previous three years?

I’ll break down the numbers for you right here. These numbers include all categories of real estate sold.

See my Web Site's Real Estate Blog (click here) for 2008 dollar volume and units sold figures for Provincetown, Truro, Wellfleet and Eastham.

2009 promises to be a year of change for many aspects of the real estate market on the Outer Cape. Check back here weekly on Friday morning for updates.

Call me at 508-789-1107 or email me mike@atlanticbaysir.com if you have questions or would like to post an entry.