Somerville Real Estate Market Extends Streak in New Listings

The Somerville market will be getting more competitive in the short term. Sales have fallen this week to 48 homes sold over the last 30 days, and there is also a confirmed upward trend of new listings, with 100 going live in the same time frame. With the strong number of new listings, months of inventory hit two, extending an upward trend to four weeks. With such low levels of inventory, Somerville is still a strong seller's market, in spite of the dip in sales.

Still haven't found the right home in Somerville? One of these new listings could end the search:

$1.1M   $2M   $899K  

Get started right now by checking out Somerville homes for sale or reviewing Somerville real estate trends.

Demographic facts for Somerville:

  • The average elevation in this area is 32 feet.
  • The median income per household is $57,594 in the area.
  • There are 712 students for every counselor. (513 = national average)

Data reported through 10/12/2016

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Laer Realty Partners
Coldwell Banker Residential Brokerage - Cambridge - Huron Ave.
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