Somerville Condo Market Update


The condo market in Somerville continues to be strong this spring.

 

Somerville Condo Market

 

Inventory continues to be lower than what was for sale in the fall but as the weather continues to warm, we are seeing more condos come up for sale in Somerville.

 

Average condo prices in Somerville

Sold prices are rising as well.  The only note of caution is to be careful of pricing your condo too high.  In the last six month, 38 condos have come off the market in Somerville without selling because the owners wanted more for the condo than it was worth.