Somerville End of Year Condo Trends – December 2013

Somerville Condo Trends for 2013

Somerville Summary: December condo inventory was down more than 20% compared to last year. ~ The median list price leaped up by 63% with the active days on market shrinking by 15% or 14 days on average. ~ Condos going under agreement declined by 25% compared to last December.

Somerville Condo Sales Chart  2013








The number of condos sold went up by 45% for the month which resulted in a gain of over 2% for the year. ~ The median sales price rose 33%. ~ Days on market for condo sales were just over a month on average. The original price to sale price ratio was 100% of the original list price. ~ The average square foot price jumped $106 to $441 per SF with an average living area just over 1,200 SF.

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