Can you believe April has come and gone? Let’s look back at some of the trends that we saw across the region.
In Cambridge, while the number of single-family homes increased 22% year-over-year, it is important to note that inventory remains low. 11 homes were sold compared to last year’s 9. On the other hand, condos saw a 21% decrease in year-over-year sales. Average list prices were up 26% and days on market were substantially down.
Boston remained true to itself, and trends varied by neighborhood. While the number of condos sold in the South End increased 23% since 2021, the number sold in the Seaport was down 38.5%. The single-family market continues to be tight.
The market in the MetroWest remained competitive. In Wayland, only 4 single-family residences were sold compared to last year’s 15. While the available condo inventory increased by 75%, these homes still flew off the shelf with the average days on market being just short of two weeks.
Published: May 5, 2022
Don't have a Senné account? Sign up
Already have a Senné account? Log in