Cambridge Summary: Inventory continues to be a major problem for buyers, down 55% from a year ago. ~ Condo $ market inventory value was down 39% from $62 million last September 2012 to $38 million.~ The median list price went up 22% with days on market just under two months before going off market. Properties going under agreement is down by 26%.
Cambridge condo sales, month to date were down 9% with the year to date remaining up 6%. Sold market dollar volume YTD remains at 24% from $318 million to $394 million in sales. The median sale price rose 20% compared to a year ago. ~ Multiple offers and quick sales kept the original price to sale price higher than normal at 99%. ~ The average square foot price was up 14% at $556 per SF.
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