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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.

Somerville Real Estate Market Activity – April 2009

Somerville Massachusetts Real EstateThe April real estate  sales numbers are in – here’s the April 2009 Somerville real estate market report.

Somerville Real Estate Market Snapshot

 255 residential properties were on the market in Somerville on April 30, 2009.  The lowest priced property was listed for $125,000, the most expensive for $1,600,000. Average days on market was 107.

Inventory is up from last month when 217 properties were on the market on March 31st.  It’s not unusual for new inventory to outpace sales during the height of the spring market as many sellers choose to list their homes for sale during the busy spring months.  Inventory is still down on an annual basis – there were 332 residential properties on the market a year ago in Somerville

Somerville Real Estate Sales in April 2009

34 properties sold (closed) in Somerville during April with an average sales price of $429,603.  The median sales price was $402,750.  Average days on market was 119.

Four single family sales closed in April for prices ranging from $190,000 to $533,000.  The average sales price for a Somerville single family house sold in April was $365,875.  Single family houses in Somerville sold for an average of 91% of asking price.  Average days on market was 50. 

Fourteen condominiums sold in April. The least expensive condominium sold for $100,000.  The most expensive condo sold in April closed for $525,000.  The median condo sales price was $387,000.  The average days on market was 108.  Somerville condos sold for an average of 96% of list price.

Sixteen multi-family property sales closed in April, twice as many as closed in March. The lowest sale price for a multi-family was $280,000.  The highest price paid was $835,000. The median sales price was $534,000. Multi-families sold for an average of 97% of list price.  Average days on market was 146.

Total Somerville closed residential sales volume in April was $14,606,500.

 See Also:

Somerville MA Real Estate Market Activity – January 2009
Somerville MA Real Estate Market Activity – February 2009
Somerville Real Estate Market Activity – March 2009


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Somerville real estate sales data from MLSpin.

Categories: Real Estate Market Info

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