Year-over-year, the residential Cape Cod market experienced impressive growth, with sales up 20.44%, average days on market down 19.2%, and a modest increase in median sold price. The Outer Cape saw dramatic increases in transactions in July with Wellfleet, Eastham and Provincetown all seeing triple-digit growth over July 2014.

With 495 recorded home sales in July, the market continues to follow typical seasonal trends. Month-over-month, sales decreased as expected, but still accounted for 18.5% of this year’s total transactions.

“While month-over-month numbers show a decline in sales, transactions in July were at the second-highest so far this year, bested only by June’s numbers,” said Dan Breault, EVP/Regional Director of RE/MAX INTEGRA, New England. “Historic patterns suggest we’ll see modest gains in transactions over the next few months as folks return from vacation and settle into their regular routines.”

Read the full report here.