Cambridge Summary: Inventory is at historic lows, down 50% from last November. ~ The median list price continues to be greater than 30% with days on market dropped 25 days to about 10 weeks on average before going off market. Properties going under agreement were down 12%.
Cambridge condo sales, month to date down 28% with the year to date about even being rounded up to 2% over last year’s number. The median sale price was about the same as the median list price up by 34%. ~ Multiple offers and quick sales kept the original price to sale price considerably higher than normal at 122%. ~ The average square foot price was $533 per SF with an average condo size of 1,262 SF.
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