Blog by Ed Abrams

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May 2010 Market Activity

Market Activity between April 27, 2010 and
May 27, 2010

Cambridge

Total Market Volume: $47,245,100
Median Sale Price: $441,500
New Residential Listings: 201
Accepted Offers:182

Somerville

Total Market Volume:$25,776,632
Median Sale Price: $370,000
New Residential Listings: 102
Accepted Offers: 127

Inventory absorption was close to positive
for Cambridge and positive for Somerville.
This indicates that the end of the federal
tax credit is not impacting sales activity.



This representation is based in whole or in
part on data supplied by our MLS partners.
These entities neither guarantee nor are
responsible for data accuracy. Data
maintained by the MLS may not reflect all
real estate activity in the market. Scope of
data included on this report is limited to
towns served by CBRB.
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