Cambridge, MA Area Market Review 2020 vs. 2019 As of September 29, 2020 Prepared by Colleen Barry on Tuesday, September 29, 2020
Single Family Listing Inventory on September 29
2019
2020
Var.
Var. %
Listing Units
18
22
4
22.22%
Average Days on Market
78
52
-26
-33.33%
Average List Price
$4,275,611.11
$2,939,581.82
-$1,336,029.29
-31.25%
Average List $ / SqFt
$982.29
$922.24
-$60.05
-6.11%
Approximate Absorption Rate
45.83%
35.61%
-10.22%
-22.30%
Approximate Months Supply of Inventory
2.18
2.81
0.63
28.90%
Listed (Year to Date)
2019
2020
Var.
Var. %
Listing Units (Taken)
121
146
25
20.66%
Average Original List Price
$2,553,672.62
$2,465,442.27
-$88,230.35
-3.46%
Average Original List $ / SqFt
$840.33
$864.73
$24.40
2.90%
Went Pending (Year to Date)
2019
2020
Var.
Var. %
Listing Units (Went Pending)
94
113
19
20.21%
Average List Price
$1,874,545.62
$2,251,588.47
$377,042.85
20.11%
Average List $ / SqFt
$770.70
$849.20
$78.50
10.19%
Average Days to Offer
25
27
2
8%
Listed & Price Changed (Year to Date)
2019
2020
Var.
Var. %
Listing Units (Price Changed)
28
34
6
21.43%
Average Original List Price
$2,511,457.11
$2,614,652.91
$103,195.80
4.11%
Average Original List $ / SqFt
$848.78
$898.98
$50.20
5.91%
Sold (Year to Date)
2019
2020
Var.
Var. %
Closed Units (Sold)
77
68
-9
-11.69%
Average Days on Market
35
38
3
8.57%
Average Days to Offer
25
27
2
8%
Average Sale Price
$2,099,088.54
$2,305,485.85
$206,397.31
9.83%
Average Sale $ / SqFt
$820.17
$847.53
$27.36
3.34%
Average List Price
$2,010,423.22
$2,289,027.90
$278,604.68
13.86%
Average List $ / SqFt
$784.44
$830.41
$45.97
5.86%
Average Original List Price
$2,069,890.75
$2,328,983.78
$259,093.03
12.52%
Average Original List $ / SqFt
$805.47
$843.92
$38.45
4.77%
Average Sale Price as % of List Price
105.50%
102.03%
-3.47%
-3.29%
Average Sale Price as % of Original List Price
103.48%
100.32%
-3.16%
-3.05%
Average Sale Price as % of Assessed Price
139.24%
2,096.17%
1956.93%
1,405.44%
Sold Units - Short Sale
0
0
0
0%
Sold Units - Lender-Owned
0
0
0
0%
12-Month Activity as of September 29
2019
2020
Var.
Var. %
Units Listed
145
168
23
15.86%
Units Price Changed
36
39
3
8.33%
Units Went Pending
117
138
21
17.95%
Units Sold
99
94
-5
-5.05%
Trend
Trend
Trend
Trend
Trend
Trend
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