Cambridge has made it into Boston Magazine's Best Place to Live (again!) This year Cambridge is singled out as one of the 10 most recession proof places in the Boston area. Single-family prices show double-digit gains over last year, while the condo market shows only a minimal price drop.
What these statistics don't show is activity, which is an equally significant indicator of a market's vitality. While Cambridge condo prices have "adjusted" since the peak market, this adjustment has been quite small in comparison with national averages. As far as activity goes, there's definitely pent-up demand for condos in specific price points. Buyers in Cambridge are finding that inventory is limited and are becoming more aggressive about securing desirable property. It's very likely that the Spring condo market in Cambridge will be a seller's market.