March 2024 Market Report
Juan Murray
Juan got his start in the residential real estate market in 1994 and has never looked back...
Juan got his start in the residential real estate market in 1994 and has never looked back...
JP Market Stats
The Fed just raised interest rates. Your guess regarding what happens in the spring market in 2024 is good. Home prices continued to rise through the first few months of 2024; however, we expect less buyer demand due to interest rate hikes. We continue to monitor the supply of inventory to see if there's a shift towards more of a buyer's market soon. Although the month's supply has been inching upwards since compared to 2023, it's still a seller's market, at least in the JP condo world. As for Cambridge condos, it's getting closer to a balanced market than last March. Our stats include single-family, condo, and multi-family homes.
16
Homes Sold in March
$832,656
Average Sales Price
17
Average Days to Offer
103%
Sales Price to Listing Price
On the Market Listings for JP
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Cambridge Market Stats
Sitting on the fence in any market can be painful. Let us guide you and request a consultation regarding your real estate future. Our stats include single-family, condos, and multi-family homes.
44
Homes Sold in February
$1,312,802
Average Sales Price
36
Average Days to Offer
100%
Sales Price to Listing Price
On the Market Listings for Cambridge
Get instant access to the latest properties to hit the real estate market.
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