08/24/2026
๐ก NORTH SHORE MARKET MONDAY
Week of August 24, 2026
๐ GLOUCESTER
Median sale price: $744,345
Days on market: 22
Price per sq. ft.: $471
Sale-to-list: about 99%
๐ ROCKPORT
Median sale price: $808,560
Days on market: 22
Price per sq. ft.: $472
Sale-to-list: 101.6%
๐ ESSEX
Median sale price: $794,568
Days on market: 30
Price per sq. ft.: approximately $502
Sale-to-list: 100.6%
๐ MANCHESTER-BY-THE-SEA
Median sale price: $1,264,312
Days on market: 20
Price per sq. ft.: $646
Sale-to-list: 100.4%
๐ฐ CURRENT MORTGAGE RATES
30-year fixed: 6.65%
15-year fixed: 5.95%
Rates have now eased for two consecutive weeks, giving buyers a little breathing room.
๐ SELLERS: The strongest homes are still selling well, but pricing correctly from the beginning matters. Buyers are increasingly willing to negotiate when a home accumulates days on market.
๐ BUYERS: Watch listings with longer market times, prior reductions, or deferred updates. Those are often where the best negotiating opportunities appear.
๐ฎ MY PREDICTION: As we head toward Labor Day, Cape Ann will remain a two-speed market. Well-priced, move-in-ready homes should continue to perform, while overpriced listings become increasingly negotiable. If mortgage rates keep easing, we may see another wave of buyer activity this fall.
Thinking of buying or selling? Iโd be happy to show you exactly where your property fits in todayโs Cape Ann market.
Lisa Ramos
Coldwell Banker Realty
๐ 978-290-3005
๐ LisaRamosRealEstateSales.com
Coldwell Banker Real Estate LLC.