Deep Dip Days On Market

Towns

10

Text

Here are the Median Days On Market for each of the 15 towns on Cape Cod. The number of listings per group is almost identical – with each group averaging about 11.1% of the 3,151 Sold Listings. These 8 towns all had Median Days on Market that were 1-2 days LOWER than the Overall Median of 9 days. These 6 towns all had Median Days on Market that were 1-2 days HIGHER than the Overall Median of 9 days. Province Town is the one anomaly. It’s Median Days on Market of 37.0 is 4 times

the 9 – Day Overall Median. Why? I think it’s PRICE. In these sold listings, the Median Sold Price for Province Town is: $2,187,500. As we saw in the Sold Price Slide, the Median Days On Market for sales in the $2 million plus range is 38. Almost exactly the same as Province Town.