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January 2012

Absorption Rates in the Local Real Estate Sales Market

Below is the Current Absorption Rates in the Local Real Estate Sales Market. Absorption rate calculates the number of months of On-Market inventory. Where there is more than 6 months of inventory, we call that a Buyer’s Market. Less than 6 months of inventory is a Seller’s Market.

 

The calculation to determine Absorption Rates is as follows: Current Inventory divided by the total number of sold properties in the last 12 months multiplied by 12.

 

Absorption Rates in Local Market

Cambridge Condos:        91/707 X 12 =     1.5 months of inventory

Cambridge Singles:          13/108 X 12 =    1.4 months of inventory

Cambridge Multi:             11/62 X 12 =        2.1 months of inventory

 

Somerville Condos:         119/351 X 12 =   4.1 months of inventory

Somerville Singles:          24/65 X 12 =        4.4 months of inventory

Somerville Multi:              51/163 X 12 =     3.8 months of inventory

 

Belmont Condos:             49/83 X 12 =        7.1 months of inventory   — Good Time to Buy

Belmont Singles:              29/151 X 12 =     2.3 months of inventory

Belmont Multi:                  7/34 X 12 =          2.5 months of inventory

 

Arlington Condos:            54/207 X 12 =     3.1 months of inventory

Arlington Singles:             51/261 X 12 =     2.3 months of inventory

Arlington Multi:                10/34 X 12 =        3.5 months of inventory

 

Medford Condos:            46/143 X 12 =     3.9 months of inventory

Medford Singles:             75/239 X 12 =     3.8 months of inventory

Medford Multi:                35/75 X 12 =        5.6 months of inventory — Good Time to Buy

 

Malden Condos:               48/92 X 12 =        6.2 months of inventory — Good Time to Buy

Malden Singles:                76/152 X 12 =     6.0 months of inventory — Good Time to Buy

Malden Multi:                   60/106 X 12 =     6.8 months of inventory — Good Time to Buy…

Porter Square Neighborhood Association Meeting

Event Date
Thu, 01/19/2012 – 7:00pm – 9:00pm
Event Location:
North Cambridge Senior Center, 2050 Massachusetts Avenue

Agenda

  • Supporting Local Businesses
  • North Massachusetts Avenue Rezoning
  • Ears to the Ground

Supporting Local Businesses

What can PSNA do to encourage local businesses? Should we revive the map project, and if so how?

North Massachusetts Avenue Rezoning

The “North Massachusetts Avenue Improvement Study” project, started two years ago, will be presented informally to the Planning Board on January 17. PSNA members are encouraged to attend and to bring back thoughts for discussion.

More information is available at www.cambridgema.gov/northmassave, and the Planning Board agenda is at http://www2.cambridgema.gov/cdd/cp/zng/agenda/2012/pb_20120117_agenda.pdf

Ears to the Ground

Bring your own announcements and questions about events in and around Porter Square.

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