Q3 JP Market Stats

Despite a slight drop (-.3%) from the previous quarter, the market has experienced strong year-over-year appreciation, indicating robust annual growth despite minor short-term fluctuations.

A key indicator of a market shift from seller to buyer is the Month's Supply of Inventory—the time it would take to sell current inventory at the existing sales pace. A balanced market typically has 6 months of supply. In Jamaica Plain for September, the reported figure is 5.2 months. However, a closer look suggests it’s likely closer to 3 months, as the data is skewed by more multifamily properties for sale and single-family homes listed concurrently as single-family & condos.

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

Q3 Cambridge Market Stats

While prices have recently declined compared to the previous quarter, the market has still experienced substantial growth year over year.

Although the number of homes sold declined slightly (-3.4%) compared to the previous quarter, they increased solidly year over year, indicating sustained buyer activity in the market. 

The housing supply in Cambridge (3.6 Months' supply of Inventory) is rising sharply month-over-month and year-over-year, indicating a potential shift towards a more balanced or buyer-favorable market.

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