Cambridge, First Half of 2014 Market Summary
The number of sales of residential properties (condominiums, single families, and multi-families) in Cambridge decreased 30.5% in the first half of 2014, compared to the first half of 2013. There were 344 sales in the first half of 2014 compared to 495 sales in the first half of 2013.
Total market volume decreased by 12.8%. The first half of 2014 total volume was $307,210,304 compared to the first half of 2013 volume of $352,174,619.
The average sale price increased by 25.5%. The average sale price in the first half of 2014 was $893,053 compared to $711,464 in the first half of 2013.
The median sale price increased by 22.4%. The median sale price in the first half of 2014 was $660,000 compared to $539,000 in the first half of 2013.
The lowest sale price was $262,000. The highest sale price was $7,950,000.
At the end of the first half of 2014, inventory was up 5.8% from the first half of 2013. On June 30, 2014, there were 91 units on the market. On June 30, 2013, there were 86 units on the market.
All statistics are from MLS Property Information Network.
Total market volume decreased by 12.8%. The first half of 2014 total volume was $307,210,304 compared to the first half of 2013 volume of $352,174,619.
The average sale price increased by 25.5%. The average sale price in the first half of 2014 was $893,053 compared to $711,464 in the first half of 2013.
The median sale price increased by 22.4%. The median sale price in the first half of 2014 was $660,000 compared to $539,000 in the first half of 2013.
The lowest sale price was $262,000. The highest sale price was $7,950,000.
At the end of the first half of 2014, inventory was up 5.8% from the first half of 2013. On June 30, 2014, there were 91 units on the market. On June 30, 2013, there were 86 units on the market.
All statistics are from MLS Property Information Network.