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In the People's Republic, Price Jumps and Inventory Slumps

This is Neighborhood Watch, a monthly breakdown from Curbed Boston about what's going on market-wise in key neighborhoods 'round the region (and, for our purposes here, towns and cities are neighborhoods, too—because they almost were, after all). All stats courtesy of William Raveis Real Estate. Next up, Cambridge.

By every measure, prices were up annually in Cambridge's single-family market in September. The sales price per square foot, in fact, was up nearly 6 percent to $474. Perhaps because of these price gains, sales were basically flat year over year (though inventory was down sharply as was the average time it takes to sell a Cambridge house).
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Save for a flat average, every condo price measure also rose annually in September. And, as with single-families (as with everywhere in the Hub!), inventory was way down; the average time it took to sell a Cambridge condo dropped, too, and sales, not uncoincidentally, jumped.

· Boston Condo Inventory Is So Low [Insert Punchline Here] [Curbed Boston]
· Our Neighborhood Watch archive [Curbed Boston]