Cape Cod Market Report 2023 Q3

Days On Market History

7

Text

The Median DOM for Q3 was 10 Days . Quarter-to-Quarter, this is a 43% increase over the 7 Days in Q2 last year. Year-to-Year, this is a 25% increase over the 8 Days in Q3 last year. The BIG trend in Days On Market was the major reduction in Days On Market from the onset of COVID. A somewhat strange trend is that the Q3 Days On Market seems to be the third highest each of these four years. If this continues then Q4 this year should have a higher Days On Market than this Q3.

The next slide is an exact copy of a slide in my Report: A Deep Dip Look at Days On Market . The most important was the slide that showed that the longer a house is on the market the lower its sold price will be – as measured by the Sold Price to Initial List Price Ratio.

Cape Cod Associates

© Bill Silver 2022 Realtor® Cell: 508-277-1000 Bill@BillSilver.com

Harwich Port, MA 508-432-8600