Cambridge Summary: Inventory for September dropped 38% compared to the same period last year. ~ Condo listing $ volume is down considerably by over 41% from 166 million to 97 million. ~ The median list price fell slightly by $3,550 with properties selling faster at 87 days on average. ~ Condos going under agreement for the month increased by 27%. ~ Sales for the month increased more than 23%. ~ Year to date by +4% or 21 more condos than in September last year.
Cambridge condo sold $ volume was up over 35% almost 10 million from 18 million in 2010 to 28 million this past September. YTD sold $ volume is up 4.73% over last year. ~ The median sale price improved by 9% with the ratio of sale price to original price the same at 95%. ~ The average square foot price for September was $512 per square foot with the average living area of 1,166 sf.