Counting The Days

Q: "What are the average market times for properties that have sold on the Outer Cape?"

A: When looking at average Days On Market (DOM), it is helpful to look for trends by looking at a comparison of the last four years. Since market times are generally longer for single family homes as compared with condominiums, we have created a separate table for each.

2005 was the height of the market. Real estate prices and sales began to soften in 2006. Average market times for single family homes in Provincetown appear to be leveling off for the first time since the decline began in 2006, while DOM continue to increase in Truro and Provincetown. In the condo market, we see a leveling off across the board in all three towns.

Average DOM of SOLD SINGLE FAMILY HOMES

Provincetown
2005: 153
2006: 216
2007: 308
2008: 293

Truro
2005: 172
2006: 258
2007: 239
2008: 335

Wellfleet
2005: 151
2006: 222
2007: 200
2008: 289

Average DOM of SOLD CONDOMINIUMS

Provincetown
2005: 121
2006: 167
2007: 181
2008: 177

Truro
2005: 155
2006: 182
2007: 203
2008: 176


Wellfleet
2005: 108
2006: 175
2007: 311
2008: 164