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As a Cambridge real estate agent, the city squares of Cambridge, Somerville and Medford and the town centers of Arlington, Watertown and Belmont, Massachusetts are my home turf. And as a lifelong New Englander who’s lived within twenty miles of Boston most of my life, I can introduce you to other nearby towns as we search for your new home. If you’re planning to sell your home in Cambridge, MA or nearby you’ll find plenty of info about the home selling process here too. Questions? Send me an email or call me at 617-504-1737.

The Monthly Numbers – Cambridge Real Estate Market – June 2009

Cambridge Real Estate MarketJune is one of the busiest months for Cambridge real estate closings.  Here’s a look at Cambridge real estate sales in June 2009:  

Cambridge Real Estate Inventory

On June 30, 2009  there were 410 residential properties on the market in Cambridge MA. 

The least expensive property had an asking price of $199,500, the highest priced home was listed for sale at $4,850,000. Average days on market was 110.

It’s interesting to note that as I write, only eight days later, there are only 375 properties listed for sale in Cambridge.  Many properties have been going under agreement in the last couple of weeks – and few came on last week due to the holiday.  We may see an uptick in inventory this weekend – our weekly tour of new Coldwell Banker listings had at least eighteen properties on it this morning.

Cambridge Real Estate Sales during June 2009

95 residential property sales closed in Cambridge during June – an increase of more than 25% over May’s closings.  The average sales price was $522,081.  The median sales price was $418,000.  Average days on market was 75.

13 single family homes sold in June priced from $365,000 to $2,287,500.  Homes that sold had been on the market for an average of 70 days.  Houses sold for an average of 99% of asking price.

76 condos sold in June in Cambridge. The least expensive condo sold for $191,500.  The most expensive condo sales price was  $1,420,000.  The median condo sales price in June was $390,000.  Condominiums sold for an average of 97% of the asking price.  Average days on market was 77.

6 Cambridge multi-family houses sold in June 2009 for sale prices from $465,000 to $1,061,250. The median sales price was $897,500.  Average days on market was 51. 

Total closed residential real estate sales volume in Cambridge in June was $49,597,650.

Information from MLSpin.

For a look at last month’s numbers:

Click here for the May 2009 Cambridge Real Estate Market Report

Categories: Real Estate Market Info

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