People comment to me about the monthly price fluctuations and this month may indicate alarm to some of those people. Please remember that these numbers are only for a month and are not a true reflection on prices. The "appearance" of a drop in prices indicates to me that more entry level homes have been selling. I feel the prices are fairly stable.
Here are the monthly statistics for August, 2009.
K-W This Month | K-W Last Year | Cambridge This Month | Cambridge Last Year | |
Avg. Sale Price | $ 253,325 | $265,309 | $257,350 | $267,925 |
Percentage Change | -4.5% | -3.9% | ||
Properties Sold | 594 | 471 | 240 | 204 |
New Listings/Sales Ratio | 78.6% | 60.9% | 63.0% | 51.0% |
Properties For Sale Now | 1898 | 2039 | 965 | N/A |
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