Cape Cod Housing Prices Hitting Record Levels
The Cape Cod housing market has been strong for many years, with sustained price increases. But since the onset of COVID-19, the growth has been explosive -- the average price of a single-family home has surged from $450,000 to $620,000 -- in less than two years. That's squeezing many people out of the market and forcing long-term Cape Codders to make difficult decisions about staying on Cape or looking for more affordable locations to purchase. And that it is having a big impact on the employment market, putting businesses in the vice when it comes to finding workers. On this edition of The Policy Pod, The Davenport Companies Director of Communication Matt Pitta and Cape Cod Chamber of Commerce CEO Paul Niedzwiecki discuss the current state of housing and what the Chamber is doing to address the issue.