Cambridge, MA, 2013 Condominium Market
Total market volume increased by 10.2%. Total market volume was $415,364,016 in 2013 versus $376,850,324 for the same period in 2012.
The average sale price increased by 15%. The average sale price in 2013 was $580,929 compared to $505,161 in 2012.
The median sale price increased by 14.68%. The median sale price in 2013 was $512,500 compared to $446,625 in 2012.
The sale price to list price ratio increased from 99% in 2012 to 102%.
Average days or market decreased from 57 days on market in 2012 to 38 days on market in 2013.
The lowest sale price was $148,000. The highest sale price was $3,100,000.
On October 22, 2013 inventory was down 48.8% from 2012. On October 22, 2013 there were 40 units on the market. On October 22, 2012 there were 78 units on the market.
All statistics are from MLS Property Information Network. Note: on May 17, 2013 MLSPIN removed the Active Seeking Backup Offer status. All listings prior to May 17, 2013 under this status were under agreement, but did not show up under agreement. Please note that this change distorts inventory and pending sale comparisons.