Cambridge, MA: First Half of 2016 Real Estate Market Summary

The number of sales of residential properties (condominiums, single families, and multi-families) in Cambridge increased by 15.29% in the first half of 2016, compared to the first half of 2015. There were 377 sales in the first half of 2016 compared to 327 sales in the first half of 2015.

Total market volume increased by 38.41%. The first half of 2016 total volume was $392,130,789, compared to the first half of 2015 volume of $283,309,732.

The average sale price increased by 20%. The average sale price in the first half of 2016 was $1,040,135, compared to $866,391 in the first half of 2015.

The median sale price increased by 14.7%. The median sale price in the first half of 2016 was $780,000, compared to $680,000 in the first half of 2015.

The lowest sale price was $250,000. The highest sale price was $7,100,000.

At the end of the first half of 2016, inventory increased by 20.9% from the first half of 2015. On June 30, 2016, there were 81 units on the market. On June 30, 2015, there were 67 units on the market.

All statistics are from MLS Property Information Network.