2013 Market Summary for Cambridge, MA
The number of sales of residential property (condominiums, single families, and multi-families) in Cambridge decreased 2.72% in 2013, compared to 2012.
There were 1,041 sales in 2013 compared to 1,070 sales in 2012.
Total market volume increased by 7.28%. 2013 total volume was $761,959,491 compared to 2012 volume of $710,282,347.
The average sale price increased by 10.2%. The average sale price in 2013 was $731,950 compared to $663,815 in 2012.
The median sale price increased 15.46%. The median sale price in 2013 was $560,000 compared to $485,000 in 2012.
The lowest sale price was $148,000. The highest sale price was $8,380,000.
At the end of 2013, inventory was down 60.5% from 2012. On December 31, 2013, there were 32 units on the market. On December 31, 2012, there were 81 units on the market.
All statistics are from MLS Property Information Network.
There were 1,041 sales in 2013 compared to 1,070 sales in 2012.
Total market volume increased by 7.28%. 2013 total volume was $761,959,491 compared to 2012 volume of $710,282,347.
The average sale price increased by 10.2%. The average sale price in 2013 was $731,950 compared to $663,815 in 2012.
The median sale price increased 15.46%. The median sale price in 2013 was $560,000 compared to $485,000 in 2012.
The lowest sale price was $148,000. The highest sale price was $8,380,000.
At the end of 2013, inventory was down 60.5% from 2012. On December 31, 2013, there were 32 units on the market. On December 31, 2012, there were 81 units on the market.
All statistics are from MLS Property Information Network.