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Cambridge home sells $925,000 over the asking price (That’s not a typo)

The housing market in Greater Boston has been a scorcher heading into summer, but few sales are as hot as this. A 2,745-square-foot home at 35 Prentiss St. in Cambridge closed on June 18 for $3,500,000 — $925,000 over the asking price.

Over-asking bids have become a staple of the competitive real estate market across the region in the past year, particularly in the downtown Boston condo market, suburbs, and vacation markets like Cape Cod.

Source: Boston Globe

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