Somerville MA Real Estate Market - Nov 2010 | 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.

Somerville MA Real Estate Market – Nov 2010

Welcome to the Somerville MA Real Estate Market Report

Welcome to the Somerville MA Real Estate Market Report

Last but not least – here’s a quick look at Somerville MA real estate market activity in November 2010.

Somerville MA Real Estate on the Market 

213 residential properties were listed for sale in Somerville in the MLS on November 30, 2010 for asking prices between $135,000 and $1,600,000. 

That’s close to 10% fewer listings than one month ago when  235 properties were on the market.  As I write, even fewer properties are for sale in Somerville –  only 186. Inventory dips between Thanksgiving and the end of the year.  Homes continue to go under agreement but relatively few new properties come on the market until the new year. 

Inventory is actually down from the same time last yearwhen 223 residential properties were on the market in Somerville MA.

Somerville MA Real Estate Market – November 2010

29 home sales closed in Somerville in November. The median price paid was $415,000.  That’s a decrease of almost 50% from November 2009 sales when 56 properties sold.

5  single family homes sold in Somerville in November priced between $278,000 and $800,000.  The median sales price was $655,000.  On average, single family houses sold for 99% of the asking price.  Average days on market for these houses was just 34.

18 condos sold in Somerville MA  in Nov. 2010 for prices ranging from $288,000 to $635,000.  The median condo sales price was $377,250.  On average, condos sold for 98% of the list price.  Average days on market was 105 for these condominiums.

6 multi-unit houses sold during November for prices from $345,000 to $580,000. The median price  paid was $430,000. On average, multi-families sold for 95% of the asking price and were on the market an average of 52 days.

Somerville MA  real estate market activity in November 2010 totalled $12,848,000.

 

See also:

Somerville MA Home Sales October 2010

  

somerville-ma-real-estate

 

Info about Somerville MA real estate market in November 2010 from MLSpin

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