3rd Quarter 2014 Condo Property Sales Statistics For Somerville MA

The condo market in Somerville remains strong and shows a consistent upward trend. They are selling for higher prices and in shorter time frames. Below are details on the 3rd quarter 2014 condo property sales statistics for Somerville MA.

Somerville MA Condo Home Sales

3rd Quarter Sale Price

Somerville MA average selling price for the 3rd quarter increased 11 % from $452,542 to $502,343. This after it increased 9.44% from $413,511 to $452,542. Prior to that there was a 4.95% change. This shows a continual increase over the last few years.

2009 $367,449
2010 $388,128
2011 $394,009
2012 $413,511
2013 $452,542
2014 $502,343

3rd Quarter Listing Volume

The Listing volume in Somerville MA for the 3rd quarter decreased -16.05% from 162 to 136. In the time frame previous to that, it increased 11.72% from 145 to 162. Prior to that there was a 15.08% change. This most recent drop is a change from the pattern over the previous few years.

2009 156
2010 103
2011 126
2012 145
2013 162
2014 136

3rd Quarter Average Listing Time Frame

The Average listing time frame in Somerville MA for the 3rd quarter increased 30.77% from 26 to 34. This after it decreased -54.39% from 57 to 26. Before that there was a -32.94% change. This most recent incline is a change in direction from previous years.

2009 73
2010 84
2011 85
2012 57
2013 26
2014 34

3rd Quarter 2014 Condo Property Sales Statistics For Somerville MA

For additional 3rd quarter 2014 condo property sales statistics for Somerville MA or statistics for other neighborhoods, please contact Carl Garcia, Customer Service Team at Eagle Trust Insurance by calling 617-625-8400 or emailing info@eagletrustinsurance.com. Note: These figures were obtained from third parties including county records and the Massachusetts MLS Property Information Network, Inc. They are intended to provide a general overview of the real estate market, are not guaranteed accurate, and might not include every condo sold in Somerville.