Cambridge Summary: Inventory continues to be a problem for buyers, down 48% from a year ago. ~ Condo $ market inventory value was down 45% from $67 million in August 2012 to $36 million.~ The median list price went up 10% with days on market at two months before going off market. Properties going under agreement fell by 41%.~
Cambridge condo sales, month to date were down 18% with the year to date up a modest 6%. Sold market dollar volume YTD was up 24% from $278 million to $345 million in sales. The median sale price rose18% compared to a year ago. ~ Multiple offers and quick sales kept the original price to sale price at 103%. ~ The average square foot price was up 12% to $540.
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