Somerville Condo Trends – April 2012

Somerville Summary: April condo inventory remained down by -24%. ~ Listing $ volume was down 15 million from $54.6 million to $69.7million. ~ The median list price went up 7.5% with the active days on market sliding below 2 months. ~ Condos going under agreement increased by 36%. Condos sold for the month exceeded last April by 10% with the year to date sales up 16%. ~

Somerville condo sold $ volume YTD is up 21.9% from the end of April last year. ~ Sold average days on market dropped by over 3 weeks to 85 days. The original price to sale price ratio increased to 96% of the original list price. ~ The average square foot price increased by $37 to $357 per square foot with the average condo size at 1,294 square feet.


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