Welcome to February's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 49% from one year earlier, and down 21% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 690-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 25%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 640-thousand dollars. The number of units sold increased 53% year-over-year, and decreased 28% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Cambridge, MA
Area Information for Cambridge, MA
Median Age:30.02 yr
Median Commute Time:21.17 mins
Population Density:16,770/sq mi
Population Change Since 2000:5.82%
Closest Airport:General Edward Lawrence Logan International