Market Report: April 2022

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.