Blog by Ed Abrams

<< back to article list

Cambridge, First Half of 2017 Market Summary

Cambridge Market Stats First Half of 2017

The number of sales of residential properties (condominiums, single families, and multi-families) in Cambridge decreased by 5.05% in the first half of 2017, compared to the first half of 2016. There were 357 sales in the first half of 2017 compared to 378 sales in the first half of 2016.

Total market volume decreased by 6.2%. The first half of 2017 total volume was $368,428,365 compared to the first half of 2016 volume of $392,760,789.

The average sale price decreased by .677%. The average sale price in the first half of 2017 was $1,032,012, compared to $1,039,050 in the first half of 2016.

The median sale price increased by 2.56%. The median sale price in the first half of 2017 was $800,000, compared to $780,000 in the first half of 2016.

The lowest sale price was $297,000. The highest sale price was $4,750,000.

At the end of the first half of 2017, inventory decreased by 26.25% from the first half of 2016. On June 30, 2017, there were 59 units on the market. On June 30, 2016, there were 80 units on the market.

All statistics are from MLS Property Information Network.


blog comments powered by Disqus