Local Market Update – August 2020 A RESEARCH TOOL PROVIDED BY THE MASSACHUSETTS ASSOCIATION OF REALTORS®
Cambridge August
Single-Family Properties Key Metrics Pending Sales Closed Sales Median Sales Price*
Year to Date
2019
2020
+/–
2019
2020
+/–
11
7
- 36.4%
70
73
+ 4.3%
9
8
- 11.1%
66
58
- 12.1%
$1,390,000
$1,626,000
+ 17.0%
$1,790,000
$1,706,000
- 4.7%
Inventory of Homes for Sale
14
19
+ 35.7%
--
--
--
Months Supply of Inventory
1.9
2.4
+ 26.3%
--
--
--
Cumulative Days on Market Until Sale
17
20
+ 17.6%
33
38
+ 15.2%
104.5%
99.6%
- 4.7%
103.2%
100.3%
- 2.8%
5
9
+ 80.0%
90
102
+ 13.3%
Percent of Original List Price Received* New Listings
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
August
Condominium Properties Key Metrics
Year to Date
2019
2020
+/–
2019
2020
+/–
Pending Sales
36
46
+ 27.8%
473
355
- 24.9%
Closed Sales
60
58
- 3.3%
407
306
- 24.8%
Median Sales Price*
$813,750
$816,350
+ 0.3%
$800,000
$805,750
+ 0.7%
Inventory of Homes for Sale
79
87
+ 10.1%
--
--
--
Months Supply of Inventory
1.6
2.2
+ 37.5%
--
--
--
Cumulative Days on Market Until Sale Percent of Original List Price Received* New Listings
33
32
- 3.0%
34
37
+ 8.8%
103.5%
100.6%
- 2.8%
102.0%
100.9%
- 1.1%
34
53
+ 55.9%
569
485
- 14.8%
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
Median Sales Price – Single-Family Properties Rolling 12-Month Calculation
Median Sales Price – Condominium Properties Rolling 12-Month Calculation All MLS —
All MLS — Cambridge —
Cambridge — $2,000,000
$900,000
$1,750,000
$800,000
$1,500,000
$700,000
$1,250,000
$600,000
$1,000,000
$500,000
$750,000
$400,000
$500,000
$300,000
$250,000 1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
1-2019
$200,000 1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
1-2019
All data from the Berkshire County MLS, Cape Cod & Islands Association of REALTORS®, Inc. and MLS Property Information Network, Inc. | Provided by MAR. | Powered by ShowingTime.