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First Half of 2011 Market Summary for Cambridge, Massachusetts

The number of sales of residential property (condominiums, single families, and multi-families) in Cambridge decreased 5.64% in the first half of 2011, compared to the first half of 2010. There were 385 sales in the first half of 2011 compared to 408 sales in the first half of 2010.

Total market volume decreased by 4%. The first half of 2011 total volume was $236,747,196 compared to the first half of 2010 volume of $246,408,738.

The average sale price increased by 1.8%. The average sale price in the first half of 2011 was $614,928 compared to $603,943 in the first half of 2010.

The median sale price increased by 3%. The median sale price in the first half of 2011 was $469,000 compared to $455,000 in the first half of 2010.

The lowest sale price was $170,000. The highest sale price was $3,750,000.

At the end of the first half of 2011, inventory was down 15% from the first half of 2010. On June 30, 2011, there were 356 units on the market. On June 30, 2010, there were 419 units on the market.



All statistics are from MLS Property Information Network.
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