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    Q2 2024 Market Report

    Q2 JP Market Stats Our Q2 sales have shown a slight increase from last year (1.9%), with the median sales price also experiencing...

    • Juan Murray
    • July 15th, 2024
    • 2 min read

     

     

    Q2 JP Market Stats

    Our Q2 sales have shown a slight increase from last year (1.9%), with the median sales price also experiencing a healthy bump (6.1%—$740K). The sold price per sq ft stands at $662. However, these positive trends are overshadowed by the fact that we're still deficient in inventory, as the months' supply of inventory is at 1.4 (a balanced market is around 3-4 months).

    Data includes multi-family (2-4 units), condos, and single-family homes and is provided by MLSPIN and Domus Analytics

     

    109

    Homes Sold in Q2

    23

    Average Days to Offer

    $785,000

    Median Sales Price

    103%

    Sales Price to Listing Price

    On the Market Listings for JP

    Get instant access to the latest properties to hit the real estate market.

    Q2 Cambridge Market Stats

    Q2 sales, while down by 13.5% over the same period last year, show a healthy median sales price increase of 20% ($1,037,500 in Q2 2023). A significant 48% of the sales were made above the asking price, indicating a market with increased negotiations and price adjustments. The housing supply in Cambridge is approaching a balanced market at 2.7, providing a positive outlook.

    Data includes multi-family (2-4 units), condos, and single-family homes and is provided by MLSPIN and Domus Analytics

    199

    Homes Sold in Q2

    30

    Average Days to Offer

    $1,245,000

    Median Sales Price

    102%

    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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    About the author

    Juan Murray

    (617) 721-0961
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    Juan got his start in the residential real estate market in 1994 and has never looked back. His mission is to provide excellence to his clients, and he is always looking for ways to improve the real estate experience for his clients and colleagues in the industry. Early in his real estate career, he worked as the Housing Rehabilitation Director for a national non-profit organization, Neighborhood Assistance Corporation of America (NACA). His goal was to gain more knowledge of the construction and renovation of existing homes in conjunction with working with 1st-time buyers. He effectively managed over 25 residential construction project managers on the East & West coasts while implementing procedures to improve communication between contractors, property owners, and banking representatives. He also developed resources, designed processes, and organized all aspects of real estate property acquisition and renovation. Juan completed a home inspector licensing course on his way to becoming a licensed home inspector. But after completing 30 inspections as an apprentice observer, after crawling under numerous porches and “crawl spaces,” he decided it wasn’t his cup of tea. Juan has always had a sharp eye for market trends and an innate understanding of what his clients need. That’s why, as a top real estate agent in Boston, he is constantly ahead of the curve, anticipating changes in the market and helping his clients manage their real estate goals. His keen intellect, quick wit, and tireless work ethic make him an invaluable partner for anyone looking to buy or sell property in the Boston area (or via his referral partners worldwide). Although Real Estate is a large part of his life, it is not the only part. He loves hanging out with family and friends, being in the kitchen, enjoying great food, anything Apple or Cole Haan, gadgets, great cigars, F1, motorcycles, photography, and traveling (to name a few). He lives with integrity and tries not to take life too seriously.

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    Juan Real Estate Group

    Juan Real Estate Group

    769 Centre St, Suite 209, Jamaica Plain, MA 02130

    769 Centre St, Suite 209, Jamaica Plain, MA 02130

    Call Us:

    (978) 581.0801

    Message Us:

    [email protected]

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