Cape Cod Market Report 2023 Q2

Quick Dip on Coming Soon

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Coming Soon is a listing status that allows an agent to put a fully completed listing on CC&I MLS prior to allowing any showings. Once showings start the status automatically changes to Active. Of the 743 sold listings in Q2, 258, or 35%, had been listed as Coming Soon. The median sold price of these 258 listings was $733K, about 1% higher than the overall median sold price of $725. The Sold Price vs. Original List Price % was 100% for Coming Soon listings and 100% for ALL listings.

The Days on Market for Coming Soon listings was 22. This is about 3 times as higher than the 7 days for all Q2 sold listings. It seems that Coming Soon does not result in Selling Sooner.

Cape Cod Associates

© Bill Silver 2023 Realtor® Cell: 508-277-1000 Bill@BillSilver.com

Harwich Port, MA 508-432-8600