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Overall we had a very good month in November. The average sale price in Cambridge was $272,832 which is up 11.7% over November 2008 where the average price was $244,189. This November we sold 224 units versus 123 units in November last year.
These are statistics that we like to see! It shows that real estate market has been making a comeback after the slump in the economy that took place earlier this year. These are encouraging figures for those looking to sell their home since the market has sprung back a bit, and still encouraging for those looking to buy since the value is there and the interest rates are still low!
Statistics courtesy of The Real Estate Board of Cambridge