Blog by Ed Abrams

Somerville Condominium Market Update, May 2014

May 30th, 2014
May 20, 2004 - May 20, 2014

Median Value
Median value increased from 2004 - 2006. From 2006 - 2010 median value remained stable. From 2010 to 2014 values have increased by a significant 24.6%. As in Cambridge, appreciation has been driven by a lack of inventory and buyer demand driven by low mortgage interest rates and an improved local economy.<br><br>

Number of Sales

The number of sales increas ...

Cambridge Condominium Market Update, May 2014

May 30th, 2014
May 20, 2004 - May 20, 2014

The condominium market in Cambridge has seen many changes in the past 10 years. This month we analyze the key market data to help developers, investors, sellers, and buyers to understand the condition of the condo market. The 5 market metrics that we examined are:

- Median Value

- Number of Sales

- Days on Market

- Sale to List Price Ratio

- Inventory


Median Value
Median v ...
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