Cambridge Summary: Inventory continues to remains below last May by 42%. ~ Condo listing $ volume is down by 34.5% from 152 million to 100 million in total market value. ~The median list price is up $14,900 or 3% with days on market dropping from 3 months to 2 months on average before going off market. ~ Condos that went under agreement were up by 13 units or 11%. Cambridge condo sales month to date are up by 18% with year to date number sold condos up by 5%.
Sold $ volume YTD improved 03.7% from $106 million in 2011 to $111 million this year. The median sale price improved by 7% with the ratio of sale price to original price increased to 98% due to multiple bidding and reduced time on market. ~ The average square foot price for April was $467 per square foot with the average living areaof 1,011 square feet.