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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.

Cambridge Real Estate Market In April 2009

Cambridge Real Estate MarketThe Cambridge real estate market is humming – so before we get any further into May let’s look at the real estate market activity in Cambridge in April 2009.

Cambridge Real Estate Inventory

A the end of April 2009  there were 427 residential properties on the market in Cambridge, a significant increase from  a month before when 355 properties were listed for sale.  Cambridge real estate buyers will be happy to have more inventory to choose from.  By comparison, at this time in of the year in 2008 445 residential properties were on the market in Cambridge and in 2007 there were 485 properties listed for sale on April 30th.

The lowest priced property was listed for $199,000, the most expensive for $4,850,000. Average days on market was 102.

Cambridge Real Estate Sales in April 2009

57 property sales closed in Cambridge during April with an average sales price of $528,650.  The median sales price was $422,000.  Average days on market was 114.

3 single family sales closed in April for sales prices of $1,475,000, $1,790,000, and $1,915,126.  Average days on market was 69.

46 condos sold in Cambridge in April. The least expensive condominium sold for $187,000.  The most expensive condo sold for $754,000.  The median condo sales price was $409,000.  Condos sold for an average of 96% of the asking price.  Average days on market was 112.

8 multi-family houses sold in Cambridge in April. The lowest sale price for a multi-family was $520,000.  The highest price paid was $1,075,000.  The median sale price for a multi-family in Cambridge in April was $650,000.  Multi-families sold for an average of 92% of list price.  Average days on market was 144.

Total Cambridge closed residential real estate sales volume in April was $30,133,026.

Information from MLSpin.

  Also see:

Cambridge Real Estate Market in January 2009
Cambridge Real Estate Market in February 2009
Cambridge Real Estate Market in March 2009



Categories: Real Estate Market Info

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