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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 in May 2009

Somerville Massachusetts Real EstateHere’s the monthly review of Somerville Real Estate Market Activity – the May 2009 numbers are in. 

Somerville Real Estate Market – Homes for Sale

265 residential properties were on the market in Somerville on May 31, 2009, a slight uptick from one month ago when there were 260 homes for sale in Somerville.  The least expensive home for sale was priced at $115,000, the most expensive had an asking price of $1,600,000.  The average days on market was 110.

May 2009 Somerville Real Estate Sales

40 Somerville houses sold during the month of May with an average sales price of $409,319.  The median sales price was $383,000.  The average days on market for homes sold in Somerville in May was 89.

Five single family homes sold in May for prices ranging from $310,000 to $555,000.  The average sales price was $427,480.  Somerville single family home sold in May for an average of 101% of asking price.  Average days on market was 14. 

26 condominiums sold in May. The least expensive condominium sold for $217,000.  The most expensive condo sold in May for $605,000.  The median condo sales price was $367,038.  The average days on market was 111.  Somerville condos sold in May for an average of 98% of list price.

Nine multi-family property sales closed in May for prices ranging from $350,000 to $650,000. The median sales price in May was $430,000. Multi-families sold for an average of 98% of list price.  Average days on market was 68.

Total Somerville closed residential sales volume in May was $16,372,766.

 See Also:

Somerville  Real Estate Market  – January 2009
Somerville Real Estate Market  – February 2009
Somerville Real Estate Market – March 2009
Somerville Real Estate Market – April

 Somerville Real Estate Market Data for May 2009 comes from MLSpin.

Categories: Real Estate Market Info

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