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First Half of 2013 Market Summary for Cambridge, Massachusetts

The Cambridge residential real estate market improved  dramatically in  the first half of 2013 relative to the first half of 2012. Although inventory was very tight, the dollar volume of residential real estate for the first half of 2013 in Cambridge increased 34.9% from the first half of 2012. The average sale price increased 15.8% and the median sale price increased by 13.5% compared to the first half of 2012.

The number of sales of residential property (condominiums, single families, and multi-families) in Cambridge increased 16.4% in the first half of 2013, compared to the first half of 2012. There were 495 sales in the first half of 2013 compared to 425 sales in the first half of 2012.

Total market volume increased by 34.9%. The first half of 2013 total volume was $352,174,619 compared to the first half of 2012 volume of $261,016,764.

The average sale price increased by 15.8%. The average sale price in the first half of 2013 was $711,464 compared to $614,157 in the first half of 2012.

The median sale price increased by 13.5%. The median sale price in the first half of 2013 was $539,000 compared to $475,000 in the first half of 2012.

The lowest sale price was $148,000. The highest sale price was $5,000,000.

At the end of the first half of 2013, inventory was down 59.05% from the first half of 2012. On June 30, 2013, there were 86 units on the market. On June 30, 2012, there were 210 units on the market.


All statistics are from MLS Property Information Network.


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