Spring market 2018 — where we are to date

Given we’ve been in a rapidly appreciating market since 2012, am sure it will not shock you to hear that prices in both Cambridge and Somerville are up YTD this spring. Sadly, Cambridge’s listing inventory is down significantly compared to the first quarters in the last three years, but interestingly, Somerville’s is up. I haven’t done a thorough analysis, but my gut tells me it’s due to the steady stream of recent condo conversions — particularly in East Somerville.

In any case, if you are a data geek, check out these infographics with full details:

Cambridge Market Data: Spring 2018

Somerville Market Data: Spring 2018

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