Market Update - Near Record December For Home Sales in Cambridge

Residential sales activity as recorded through the MLS® System of the Cambridge Association of REALTORS® Inc. recorded another strong performance in December 2011.

According to the Association's statistics, home sales numbered 159 units in December.  This  was up 3% from levels reported in the same month a year earlier.  It was also the strongest month of December since 2001, and the third best ever.

Some 2,890 homes traded hands in 2011.  This stands 8% above 2010 levels.

The average price for homes sold in December 2011 was $271,586.00  down 4% compared to December 2010.  This is likely just a temporary dip caused by a larger than normal percentage of homes sold in the lower price ranges in December.

There were 657 active residential listings on the  Association's MLS® System at the end of December, down 4% from levels reported at the end of 2010.

Sales of all types of properties numbered 167 units in December, a 4% year-over year increase.

Information provided by the Cambridge Association of REALTORS®. The board is an Association of well-trained and educated REALTORS® who provide real estate related services to Cambridge and surrounding communities

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