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Q2 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...

Jul 15 2 minutes 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

$785,000

Median Sales Price

23

Average Days to Offer

103%

Sales Price to Listing Price

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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

$1,245,000

Median Sales Price

30

Average Days to Offer

102%

Sales Price to Listing Price

On the Market Listings for Cambridge

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On The Market

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