Cambridge, MA Area Market Review 2020 vs. 2019 As of September 29, 2020 Prepared by Colleen Barry on Tuesday, September 29, 2020
Single Family Listing Inventory on September 29
2019
2020
Var.
Var. %
Listing Units
18
22
4
22.22%
Average Days on Market
78
52
-26
-33.33%
Average List Price
$4,275,611.11
$2,939,581.82
-$1,336,029.29
-31.25%
Average List $ / SqFt
$982.29
$922.24
-$60.05
-6.11%
Approximate Absorption Rate
45.83%
35.61%
-10.22%
-22.30%
Approximate Months Supply of Inventory
2.18
2.81
0.63
28.90%
Listed (Year to Date)
2019
2020
Var.
Var. %
Listing Units (Taken)
121
146
25
20.66%
Average Original List Price
$2,553,672.62
$2,465,442.27
-$88,230.35
-3.46%
Average Original List $ / SqFt
$840.33
$864.73
$24.40
2.90%
Went Pending (Year to Date)
2019
2020
Var.
Var. %
Listing Units (Went Pending)
94
113
19
20.21%
Average List Price
$1,874,545.62
$2,251,588.47
$377,042.85
20.11%
Average List $ / SqFt
$770.70
$849.20
$78.50
10.19%
Average Days to Offer
25
27
2
8%
Listed & Price Changed (Year to Date)
2019
2020
Var.
Var. %
Listing Units (Price Changed)
28
34
6
21.43%
Average Original List Price
$2,511,457.11
$2,614,652.91
$103,195.80
4.11%
Average Original List $ / SqFt
$848.78
$898.98
$50.20
5.91%
Sold (Year to Date)
2019
2020
Var.
Var. %
Closed Units (Sold)
77
68
-9
-11.69%
Average Days on Market
35
38
3
8.57%
Average Days to Offer
25
27
2
8%
Average Sale Price
$2,099,088.54
$2,305,485.85
$206,397.31
9.83%
Average Sale $ / SqFt
$820.17
$847.53
$27.36
3.34%
Average List Price
$2,010,423.22
$2,289,027.90
$278,604.68
13.86%
Average List $ / SqFt
$784.44
$830.41
$45.97
5.86%
Average Original List Price
$2,069,890.75
$2,328,983.78
$259,093.03
12.52%
Average Original List $ / SqFt
$805.47
$843.92
$38.45
4.77%
Average Sale Price as % of List Price
105.50%
102.03%
-3.47%
-3.29%
Average Sale Price as % of Original List Price
103.48%
100.32%
-3.16%
-3.05%
Average Sale Price as % of Assessed Price
139.24%
2,096.17%
1956.93%
1,405.44%
Sold Units - Short Sale
0
0
0
0%
Sold Units - Lender-Owned
0
0
0
0%
12-Month Activity as of September 29
2019
2020
Var.
Var. %
Units Listed
145
168
23
15.86%
Units Price Changed
36
39
3
8.33%
Units Went Pending
117
138
21
17.95%
Units Sold
99
94
-5
-5.05%
Trend
Trend
Trend
Trend
Trend
Trend
This information gathered from third parties, including seller and public records. MLS PIN and subscribers disclaim all representations/warranties as to its DFFXUDF\ &RQWHQW ‹ 0/6 3URSHUW\ ,QIRUPDWLRQ 1HWZRUN ,QF
Cambridge, MA Area Market Review 2020 vs. 2019 As of September 29, 2020 Prepared by Colleen Barry on Tuesday, September 29, 2020
Condominium Listing Inventory on September 29
2019
2020
Var.
Var. %
Listing Units
93
145
52
55.91%
Average Days on Market
44
46
2
4.55%
Average List Price
$953,931.71
$949,875.75
-$4,055.96
-0.43%
Average List $ / SqFt
$824.84
$865.81
$40.97
4.97%
Approximate Absorption Rate
54.39%
27.24%
-27.15%
-49.92%
Approximate Months Supply of Inventory
1.84
3.67
1.83
99.46%
Listed (Year to Date)
2019
2020
Var.
Var. %
Listing Units (Taken)
640
609
-31
-4.84%
Average Original List Price
$916,805.55
$1,039,559.25
$122,753.70
13.39%
Average Original List $ / SqFt
$820.60
$859.39
$38.79
4.73%
Went Pending (Year to Date)
2019
2020
Var.
Var. %
Listing Units (Went Pending)
551
433
-118
-21.42%
Average List Price
$886,392.90
$991,263.74
$104,870.84
11.83%
Average List $ / SqFt
$811.16
$830.14
$18.98
2.34%
Average Days to Offer
27
26
-1
-3.70%
Listed & Price Changed (Year to Date)
2019
2020
Var.
Var. %
Listing Units (Price Changed)
140
151
11
7.86%
Average Original List Price
$972,444.27
$1,146,756.91
$174,312.64
17.93%
Average Original List $ / SqFt
$833.84
$886.19
$52.35
6.28%
Sold (Year to Date)
2019
2020
Var.
Var. %
Closed Units (Sold)
449
352
-97
-21.60%
Average Days on Market
33
38
5
15.15%
Average Days to Offer
22
26
4
18.18%
Average Sale Price
$938,399.04
$988,504.65
$50,105.61
5.34%
Average Sale $ / SqFt
$824.54
$846.15
$21.61
2.62%
Average List Price
$915,069.75
$973,844.64
$58,774.89
6.42%
Average List $ / SqFt
$804.33
$832.96
$28.63
3.56%
Average Original List Price
$925,940.48
$986,981.59
$61,041.11
6.59%
Average Original List $ / SqFt
$811.96
$842.81
$30.85
3.80%
Average Sale Price as % of List Price
102.77%
101.65%
-1.12%
-1.09%
Average Sale Price as % of Original List Price
101.93%
100.54%
-1.39%
-1.36%
Average Sale Price as % of Assessed Price
N/A
N/A
N/A
N/A
Sold Units - Short Sale
0
0
0
0%
Sold Units - Lender-Owned
1
0
-1
-100%
12-Month Activity as of September 29
2019
2020
Var.
Var. %
Units Listed
744
682
-62
-8.33%
Units Price Changed
166
175
9
5.42%
Units Went Pending
660
535
-125
-18.94%
Units Sold
607
474
-133
-21.91%
Trend
Trend
Trend
Trend
Trend
Trend
This information gathered from third parties, including seller and public records. MLS PIN and subscribers disclaim all representations/warranties as to its DFFXUDF\ &RQWHQW ‹ 0/6 3URSHUW\ ,QIRUPDWLRQ 1HWZRUN ,QF
Cambridge, MA Area Market Review 2020 vs. 2019 As of September 29, 2020 Prepared by Colleen Barry on Tuesday, September 29, 2020
Multi Family Listing Inventory on September 29
2019
2020
Var.
Var. %
Listing Units
7
30
23
328.57%
Average Days on Market
124
69
-55
-44.35%
Average List Price
$4,272,857.14
$3,022,463.33
-$1,250,393.81
-29.26%
Average List $ / SqFt
$656.43
$688.71
$32.28
4.92%
Approximate Absorption Rate
105.95%
18.06%
-87.89%
-82.95%
Approximate Months Supply of Inventory
0.94
5.54
4.60
489.36%
Listed (Year to Date)
2019
2020
Var.
Var. %
Listing Units (Taken)
77
94
17
22.08%
Average Original List Price
$2,774,320.75
$2,526,004.07
-$248,316.68
-8.95%
Average Original List $ / SqFt
$631.22
$663.42
$32.20
5.10%
Went Pending (Year to Date)
2019
2020
Var.
Var. %
Listing Units (Went Pending)
65
49
-16
-24.62%
Average List Price
$2,304,303.06
$2,099,548.88
-$204,754.18
-8.89%
Average List $ / SqFt
$592.79
$590.69
-$2.10
-0.35%
Average Days to Offer
37
20
-17
-45.95%
Listed & Price Changed (Year to Date)
2019
2020
Var.
Var. %
Listing Units (Price Changed)
23
26
3
13.04%
Average Original List Price
$2,572,299.96
$2,621,488.00
$49,188.04
1.91%
Average Original List $ / SqFt
$672.33
$704.69
$32.36
4.81%
Sold (Year to Date)
2019
2020
Var.
Var. %
Closed Units (Sold)
61
44
-17
-27.87%
Average Days on Market
47
30
-17
-36.17%
Average Days to Offer
33
22
-11
-33.33%
Average Sale Price
$2,198,959.00
$2,101,773.00
-$97,186.00
-4.42%
Average Sale $ / SqFt
$567.48
$571.28
$3.80
0.67%
Average List Price
$2,223,437.70
$2,096,197.73
-$127,239.97
-5.72%
Average List $ / SqFt
$569.08
$567.63
-$1.45
-0.25%
Average Original List Price
$2,293,552.44
$2,141,445.18
-$152,107.26
-6.63%
Average Original List $ / SqFt
$583.76
$580.63
-$3.13
-0.54%
Average Sale Price as % of List Price
99.79%
100.93%
1.14%
1.14%
Average Sale Price as % of Original List Price
97.76%
98.92%
1.16%
1.19%
Average Sale Price as % of Assessed Price
212,100.98%
5,189.46%
-206911.52%
-97.55%
Sold Units - Short Sale
0
0
0
0%
Sold Units - Lender-Owned
1
0
-1
-100%
12-Month Activity as of September 29
2019
2020
Var.
Var. %
Units Listed
109
118
9
8.26%
Units Price Changed
31
29
-2
-6.45%
Units Went Pending
93
72
-21
-22.58%
Units Sold
89
65
-24
-26.97%
Trend
Trend
Trend
Trend
Trend
Trend
This information gathered from third parties, including seller and public records. MLS PIN and subscribers disclaim all representations/warranties as to its DFFXUDF\ &RQWHQW ‹ 0/6 3URSHUW\ ,QIRUPDWLRQ 1HWZRUN ,QF
Cambridge, MA Area Market Review 2020 vs. 2019 As of September 29, 2020 Prepared by Colleen Barry on Tuesday, September 29, 2020
Single Family
This information gathered from third parties, including seller and public records. MLS PIN and subscribers disclaim all representations/warranties as to its DFFXUDF\ &RQWHQW ‹ 0/6 3URSHUW\ ,QIRUPDWLRQ 1HWZRUN ,QF
Cambridge, MA Area Market Review 2020 vs. 2019 As of September 29, 2020 Prepared by Colleen Barry on Tuesday, September 29, 2020
Condominium
This information gathered from third parties, including seller and public records. MLS PIN and subscribers disclaim all representations/warranties as to its DFFXUDF\ &RQWHQW ‹ 0/6 3URSHUW\ ,QIRUPDWLRQ 1HWZRUN ,QF
Cambridge, MA Area Market Review 2020 vs. 2019 As of September 29, 2020 Prepared by Colleen Barry on Tuesday, September 29, 2020
Multi Family
This information gathered from third parties, including seller and public records. MLS PIN and subscribers disclaim all representations/warranties as to its DFFXUDF\ &RQWHQW ‹ 0/6 3URSHUW\ ,QIRUPDWLRQ 1HWZRUN ,QF