Cambridge Market Update for March 2024

Below, you will find a Cambridge Market Update for March 2024, which will provide information on the local real estate market and recent sales activity in your area. Don’t hesitate to contact us if you have any questions or if you are ready to move forward with the next step!

Cambridge Market Update for March 2024

Let’s delve into the latest market insights for March. We observed a notable surge in sales compared to February, with a significant increase of 12%. However, it’s important to note that despite this uptick, sales were still 8% lower than what we witnessed in March of the previous year.

Our available inventory is expanding; we saw an increase of 13% compared to the previous month, providing buyers with more options to explore.

On the pricing front, there is positive news as well. Prices experienced a commendable rise of 6% in March when compared to February, reflecting ongoing strength in our market.

For those considering entry into homeownership or planning to upsize, now might be an opportune moment as home prices are expected to rise once rates begin to drop.