Cape Cod Real Estate Market Report 2021 Q3

Median Days On Market

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Here are the quarterly median Days on Market data for the last 4 years. This Days on Market data was not taken from the MLS DOM field. It was calculated from these two MLS fields: Under Contract Date – Listing Date Going back to 2018 and 2019 the Days on Market results showed an overall consistent pattern of increase.

But in 2020 COVID radically changed that pattern into one of rapid decrease. In this Q3, the median Days on Market was UP a little. It was up a little in Q1 too, but that didn’t start a new trend. Maybe this little UP combined with the decrease in prices does signal the beginning of the end of the COVID era. MAYBE!

Cape Cod Associates

© Bill Silver 2021 Realtor® Cell: 508-277-1000 Bill@BillSilver.com

Harwich Port, MA 508-432-8600