I think by now it is pretty much common knowledge that we're experiencing one of the best spring markets in recent memory. But something jumps off the page in this month's numbers. For the first time in a year and a half, it looks like prices are starting to creep up. I don't get a sense of this from the day to day activity around the office, but the following statistics indicate that there is movement. We'll keep an eye on this, to see if it's just a blip, or if there really is a change happening.
Here are the monthly statistics for February, 2010.
| K-W This Month | K-W Last Year | Cambridge This Month | Cambridge Last Year |
Avg. Sale Price | $ 276,891 | $246,846 | $280,996 | $245,689 |
Percentage Change | +12.2% | | +14.3% | |
Properties Sold | 553 | 369 | 242 | 154 |
New Listings/Sales Ratio | 62.6% | 49.1% | 56.8% | 35.6% |
Properties For Sale Now | 1705 | 2117 | 748 | 953 |