2012 Market Summary for Cambridge

The number of sales of residential property (condominiums, single families, and multi-families) in Cambridge increased 20% in 2012, compared to 2011. There were 1067 sales in 2012 compared to 888 sales in 2011.

Total market volume increased by 27.5%. 2012 total volume was $678,140,347 compared to 2011 volume of $531,962,007.

The average sale price increased by 6%. The average sale price in 2012 was $635,558 compared to $599,056 in 2011.

The median sale price increased 4.5%. The median sale price in 2012 was $485,00 compared to $463,750 in 2011.

The lowest sale price was $187,500. The highest sale price was $3,740,000.

At the end of 2012 inventory was down 12% from 2011. On December 31, 2012 there were 98 units on the market. On December 31, 2011 there were 111 units on the market.


2012 Market Summary for Somerville

The number of sales of residential property (condominiums, single families, and multi-families) in Somerville increased 22.7% in 2012, compared to 2011. There were 713 sales in 2012 compared to 581 sales in 2011.

Total market volume increased by 26.6%. 2012 total volume was $323,686,988 compared to 2011 volume of $255,610,366.

The average sale price increased by 3.1%. The average sale price in 2012 was $453,979 compared to $439,949 in 2011.

The median sale price increased by 2%. The median sale price in 2012 was $419,000 compared to $410,000 in 2010.

The lowest sale price was $135,000. The highest sale price was $1,400,000.

At the end of 2012 inventory was down 59% from 2011. On December 31, 2012 there were 56 units on the market. On December 31, 2011 there were 137 units on the market.


All statistics are from MLS Property Information Network.