Case-Shiller Composite Home Price Index Up 10.9% — And for Cambridge/Somerville…

June 3, 2013

Last week Standard & Poor’s Case-Shiller home price index reported increases in every one of the 20 markets it surveys — the composite increase was 10.9% — the largest gain in seven years. Thought you might want to know about our market specifically, so will be running an analysis of various housing types, beginning with condos here…

Cambridge condo prices:

  • 2013 YTD — 293 units sold
  • Average price — $571,884 — an increase of 12.0% over the 2012 average price of $510,758

Somerville condo prices:

  • 2013 YTD — 142 units sold
  • Average price — $434,502 — an increase of 8.4% over the 2012 average price of $400,852

Stay tuned for data on singles and multi-families…

 

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