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