Centers And Squares
Welcome to Centers and Squares
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.
Medford MA Real Estate Market Update Jan – Sept 2012
Medford MA Real Estate Review
Here’s the Medford MA real estate market update for the period January to September 2012.
Last year’s numbers for the same period are in parentheses.
By every measure 2012 has been a better year than 2011 for Medford real estate. Median prices were up, average days on market were down. Properties sold more quickly and for closer to their asking prices.
On September 30, 2012 115 properties were listed for sale in Medford. That’s a huge drop from a year before when 204 properties were on the market.
If you’re considering selling it’s a superb time to be on the market – buyer demand is up and supply is way down. That’s great for sellers – and challenging for buyers.
Residential real estate sold in Medford – Jan-Sept 2012 (2011):
- 452 properties (358)
- Average days on market = 75 (92)
- Properties sold for an average of 98% of asking price (97%)
- Median price of $349,950 ($336,000)
Medford Single Family Sales – Jan-Sept 2012 (2011)
- Total sold: 226 (183 )
- Sale prices ranged from $70,000 – $645,000 ($135,000 – $768,500)
- Median price: $357,000 ($348,800)
- Average days on market: 72 (90)
- On average, houses sold for 98% of asking price (97% )
Medford Condo Sales – Jan-Sept 2012 (2011)
- Total sold: 145 (116)
- Sale prices ranged from $98,750 – $635,000 ($136,000 – $600,000)
- Median price: $284,900 ($284,000)
- Average days on market: 83 (97)
- On average, condos sold for 98% of asking price (97%)
Medford Multi-Family Sales – Jan-Sept 2012 (2011)
- Total sold: 81 (59)
- Sale prices ranged from $191,000 – $650,000 ($225,000 – $660,000)
- Median price: $427,500 ($415,000)
- Average days on market: 69 (92)
- On average, multi-unit houses sold for 99% of asking price (96% )
SEARCH FOR REAL ESTATE FOR SALE IN MEDFORD MASS
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