August listings for condominiums in the Cambridge and Somerville areas have increased, according to recent data released from yourhomeguide
Cambridge condo inventory is up by 30 listings, or 13 percent, compared to August 2009. The median list price also increased by 7.4 percent, according to a statement. It was found that listings were on the market for four months, one month less than was reported one year ago. However, Cambridge condos under agreement dropped by 37 percent from the same time period last year.
Somerville condo inventory also rose slightly by 11 listings, or 8 percent, when compared to August 2009, according to a statement. The median list price and average amount of days on the market remained the same compared to last year. The amount of condos under agreement did rise by 0.9 percent