Q1 2021 Massachusetts Market Report

SOMERVILLE

P OP U LAT I ON

AV E R AG E I NC OM E

8 1 , 3 6 0

$ 9 1 , 1 6 8

Condo

102

109

6.9%

Q 1 2 0 2 0 S A L E S

Q 1 2 0 2 1 S A L E S

% C H A N G E

$839,621

$793,535

-5.5%

Q 1 2 0 2 0 AV E R A G E S A L E S P R I C E

Q 1 2 0 2 1 AV E R A G E S A L E S P R I C E

% C H A N G E

68

55

-19.1%

Q 1 2 0 2 0 D O M

Q 1 2 0 2 1 D O M

% C H A N G E

C O N D O

* Graph Legend

Q 1 M A R K E T

68

Buyer’s Market (Supply > Demand)

A C T I O N I N D E X T M *

0

30

100

Buyers

Sellers

Seller’s Market (Demand > Supply)

Market Data: MLS as of April 4, 2021 Demographic Data: US Census Bureau as of July 1, 2019 Market Action Index Data: Based on 90-day average supplied by Altos Research as of April 2, 2021

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