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I signed onto my computer this afternoon and up pops an article about the real estate market. It suggests home sales slipped in April for resale homes while at the same time listings were increasing. Knowing that this certainly wasn't the case in our area, I thought I'd write a quick blog about the Cambridge stats for April 2010 to show how healthy our market currently is.
Average sale price was $277,729 (last year was $261,630)
308 properties were sold (249 last year)
63.4% of the houses that get listed, are selling and currently there are 881 listings in our system compared to 1150 April 2010.
Aperage sale price was $289,017 (last year was $256,083)
724 properties were sold (643 last year)
65.6% of the houses that get listed are selling and currently there are 1129 listings in our system compared to 1578 April 2010.