There were 158 single family residential units sold through the Cambridge MLS® housing market in September 2017 – this represents a 3.1% decrease in levels reported in the same month a year earlier. Of the 158 residential units sold there were 123 single family freehold detached residential units which represents a 6.8% decrease in levels reported a year earlier, says Jim Robinson, President of the Cambridge Association of REALTORS® Inc.
“Residential sales have moderated in recent weeks and listing inventory continues to remain weak as we move into the fall market” said Jim Robinson, President of the Cambridge Association of REALTORS®.
The average MLS® single family freehold residential unit price was $456,323 in September which represents an increase of 10.5% over the same month a year earlier. The average MLS® single family detached residential unit price was $483,204 which represents an increase of 9.8% from a year ago.
The dollar volume of all single family freehold sales in September 2017 was $72,099,096 which represents an increase of 7.1% from a year earlier.
The Cambridge Association of REALTORS® promotes its Members professionalism and dedication to building a strong community through homeownership and quality investments.
Disclaimer: Effective March 1, 2017 the statistics for the Cambridge Association of REALTORS® represents only single-family freehold & single- family freehold detached properties sold in the City of Cambridge and the Township of North Dumfries and does not include condominium sales.