July was the last time there were so many price reductions in the North Cambridge market, with nine reported over the last 30 days. The market also had seven homes change hands. During the same time frame, Central Boston county had the most price reductions of any other close-by neighborhood with 33. The median sales price dropped to $850,000 over the latest reporting period for North Cambridge, down from $995,000. There are only two months of inventory available in North Cambridge, so it's a definite seller's market, even with the decrease in sales.
If you have been waiting for prices to drop, now is your chance to look at these listings in North Cambridge: