Cambridge Condo Trends – March 2012

Inventory remains quite low, less 46% compared to March last year,. ~ Condo listing $ volume is down over 39% from 149 million to 90 million in value. ~ The median list price is up by 14% or 69K with days on market dropping by 14% to less than 90 days on average before going off market. ~ Condos that went under agreement are up by 7%.

Cambridge condo sales month to date are up but only by one sale with year to date number sold up by a modest .05%. Sold $ volume YTD improved but remains down 8% from 49 million in 2011 to 45 million this year. The median sale price dropped by 8% with the ratio of sale price to original price above average at 98%. ~ The average square foot price for March was up $28 per square foot to $475 with the average living area loosing 146 sf from 1,118 to 9728 square feet.





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