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...
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
On the Market Listings for JP
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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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