Saturday June 6th, 8:41am
Through June 6, 2009, the total number of residential real estate transactions reported in MLS in Cambridge is down 23% compared to the same time a year ago.
Average sale price in Cambridge is down 8% in 2009 compared to the same time a year ago. Sellers continue to achieve, on average, 97% of the last asking price and 94% of the original price.
Interestingly enough, the average days on market is 91 this year, compared to 107 a year ago.
In the current market, the properties which are faring the best are the ones which are
in an excellent location
in excellent condition
well priced
The closer a seller comes to scoring a 10 in each of these categories, the more likely it is the property sells quickly for the highest price the market will bear.
Cambridge Real Estate Blog.
