Turn the Page: June

The end of the month brought those closings again, as I mentioned before, but yesterday had a phenomenal 44 closings reflected in the Cape and Islands MLS! More pendings and pendings with contingencies, too, that outpaced new listings. Translation: More properties leaving the market than coming in, shrinking inventory. Were that to translate market-wide my Smith College Economics degree tells me that means increasing prices. Let’s watch for a trend.