May 2009 Real Estate Market in Cambridge | Centers And Squares

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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.

May 2009 Real Estate Market in Cambridge

Cambridge Real Estate MarketMay was a busy month for real estate closings in Cambridge.  May real estate sales represent properties that, for the most part, went under agreement in April, perhaps March – prime time in the Cambridge real estate market. 

Cambridge Real Estate Inventory

A the end of May  2009  there were 438 residential properties on the market in Cambridge MA, just a slight uptick  from  April when 427 properties were listed for sale at the end of the month. 

The least expensive property was listed for $193,900, the highest priced home for sale was $4,850,000. Average days on market was 102.

Cambridge Real Estate Sales in May 2009

75 residential property sales closed in Cambridge during May.  The average sales price was $457,348.  The median sales price was $385,000.  Average days on market was 87.

5 single family sales closed in May.  Prices ranged from $345,000 to $2,244,000.  Average days on market was 157.  Houses sold for an average of 93% of asking price.

68 condos sold in Cambridge in May. The lowest price paid for a condominium was $190,000.  The most expensive condo sold for $1,035,000.  The median sales price for condos sold in May was $370,000.  Condos sold for an average of 98% of the asking price.  Average days on market was 84.

2 Cambridge multi-family houses sold in May. A Porter Square two-family house sold for $795,000 and an Inman Square six-unit property sold for $1,000,000. 

Total closed residential real estate sales volume in Cambridge in May was $34,301,100.

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
Cambridge Real Estate Market in April 2009

 

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Categories: Real Estate Market Info

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