Somerville Summary: November condo inventory is 42% less than last year. ~ The median list price is up by 46% with the active days on market about the same at 73 days on average. ~ Condos going under agreement were up 11% compared to a year ago.
The number of condos sold in November was down 36% from a year ago resulting in a loss of 2% in year to date sales. ~ The median sales price rose 18%. ~ Days on market dropped to less than a month on average. The original price to sale price ratio was 101% of the original list price. ~ The average square foot price was up nearly $58 at $395 per SF with a slightly smaller average living area.