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YTD condo sales down in Cambridge & Somerville

This is a quick update to a post I ran in April, on the subject of "wow -- things are slow for peak spring market." Activity seemed to pick up a bit later that month, so I went back and looked at the data again today, to find out whether things have improved. Alas, not at all.

In fact, our year-to-date condo sales and pendings in Cambridge and Somerville are down even more dramatically from last year than they were in April. At the time, we were down by 13% in Cambridge and 6% in Somerville. Currently, we are down by 20% and 11%, respectively.

The optimist in me hopes we'll see a steady trickle of listings through the summer -- typically our super quiet time -- but I'm not counting any chickens...


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