The Cape Cod real estate market remains active, but it is moving in two different directions depending on property type. Single-family homes continue to show strong buyer demand, low inventory, and rising prices. Condominiums are also seeing buyer activity over the past 12 months, but year-to-date sales are slower and properties are taking much longer to go under agreement.
Inventory Remains Tight
Single-family inventory was down 12.20% compared to last year, with 547 active listings compared to 623 in 2025. Condo inventory was down even more, dropping 18.93% from 206 listings to 167.
This matters because limited inventory keeps pressure on buyers. Even with some slower sales activity, there are still fewer available homes and condos for buyers to choose from. The report does not state why inventory is lower, so no cause can be confirmed from the data provided.
Single-Family Prices Continue to Rise
The median single-family sale price increased 3.33%, rising from $750,000 in 2025 to $775,000 in 2026. The median sale price per square foot also increased 1.38%, from $462.38 to $468.75.
This shows that single-family home values on Cape Cod remain strong. Even though fewer single-family homes closed year to date, prices are still up compared to last year. The report does not provide a specific reason for the increase.
Single-Family Homes Are Taking Longer to Sell
Year to date, the median days on market for single-family homes increased from 35 days to 46 days, a 31.43% increase. Median days to offer also increased from 26 days to 34 days.
This suggests buyers are taking more time before making decisions on closed sales. At the same time, pending single-family listings moved faster year to date, with median days to offer dropping from 18 days to 16 days. This points to a mixed pace in the single-family market. The report does not explain why closed sales took longer while pending listings moved faster.
Pending Single-Family Activity Is Up
Single-family listings that went pending year to date increased 5.75%, from 748 to 791. Over the past 12 months, single-family pending activity also increased 3.72%, from 2,525 units to 2,619.
This is a healthy sign for buyer demand. Even with fewer new listings and fewer closed sales year to date, more homes are going under agreement. The report does not state what is driving the increase.
Condo Sales Are Slower Year to Date
Condo closed sales were down 9.70% year to date, dropping from 165 sales in 2025 to 149 in 2026. Condo listings taken were also down 14.33%, from 321 to 275.
This shows that the year-to-date condo market has slowed compared to last year. However, the 12-month activity tells a different story, with condo sold units up 8.29% and condo pending units up 10.27%. The report does not explain the reason for the difference between year-to-date and 12-month activity.
Condos Are Taking Much Longer to Receive Offers
The condo market showed a major increase in time to offer. Year to date, median days to offer rose from 25 days to 58 days, a 132% increase. Median days on market also increased from 39 days to 70 days.
This suggests condo buyers are moving more slowly on closed sales compared to last year. It may also point to more negotiation or pricing sensitivity, but the report does not provide enough information to confirm a cause.
Condo Prices Are Holding, But Price Per Square Foot Is Down
The median condo sale price increased slightly from $480,000 to $485,000, a 1.04% increase. However, the median condo sale price per square foot dropped 10.27%, from $429.86 to $385.73.
This shows that condo prices are relatively stable overall, but value per square foot has softened. The report does not state why the price-per-square-foot figure declined.
Months Supply Is Lower for Both Property Types
Single-family months supply dropped from 3.10 months to 2.76 months. Condo months supply dropped from 4.45 months to 3.33 months.
Lower months supply generally points to a tighter market. Both single-family homes and condos had less available supply compared to last year, even though some year-to-date sales numbers were down. The report does not provide a reason for the lower supply.
Market Health Summary
Cape Cod’s May real estate market remains healthy, but it is not moving evenly across all segments. Single-family homes show strong pricing, tight inventory, and higher pending activity. Condos show continued buyer interest over the past 12 months, but year-to-date activity is slower and properties are taking longer to move.
For sellers, the market still offers strong pricing conditions, especially in the single-family segment. For buyers, limited inventory remains a challenge, but longer days on market in some areas may create more room for thoughtful decision-making.