Cambridge/ Somerville MLS Market Trends for June.
Active Listing Trends show that inventory has dropped by over 22%, 198 units pretty evenly divided per city. The days on market have come down by an average of 38%, which equates down from approximately four months to closer to three months on the market
Under Agreement Trends show a increase in activity with more 60 more condos U/A this year - an increase of 30%. Cambridge had the larger increase with 49, Somerville 11 more condos U/A The DOM stayed pretty much the same at just over 2 months.
The Sold Market Trends continue to drag with 34 less closings in Cambridge and 6 less in Somerville. The days on market reduced slightly for Somerville -6.5% and increased in Cambridge by over 45% to 101 days.
Detailed report by city upon request.
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