Housing Inventory Remains EXTREMELY Low in Cambridge & Somerville

To illustrate our inventory shortage, here’s where we stand today, compared to June 7, 2012:

CONDO INVENTORY TODAY

Cambridge — 44% of last year’s inventory

  1. On the market today: 78

  2. On the market this day last year: 176

Somerville — 45% of last year’s inventory

  1. On the market today: 45

  2. On the market this day last year: 99

SINGLE FAMILY INVENTORY TODAY

Cambridge — 42% of last year’s inventory

  1. On the market today: 14

  2. On the market this day last year: 33

Somerville — 59% of last year’s inventory

  1. On the market today: 13

  2. On the market this day last year: 22

MULTI-FAMILY INVENTORY TODAY

Cambridge — about equal, but numbers too low to mean anything

Somerville — 50% of last year’s inventory

  1. On the market today: 22

  2. On the market this day last year: 44

#buyingahomeinCambridge #buyingahomeinSomerville #CambridgeMArealestate #SomervilleMArealestate

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