May 2020 Market Report
Cedar Place, Somerville
New Construction residences outside of Davis Square
Listed by Charles Cherney and Matt Montgomery
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![Cedar Place, Somerville, MA](https://api.curaytor.io/sites/561/media/1090619/227 Cedar Street Unit 2 Somerville - Stair Detail 3.jpg?w=851)
79 Josephine Avenue 2, Somerville
Spacious duplex outside Davis Square
Listed by Charles Cherney
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![79 Josephine Avenue, Somerville, MA](https://api.curaytor.io/sites/561/media/1090629/79 Josephine Ave Unit 2 Somerville - Living Room 2.jpg?w=851)
74 Putnam Avenue, Cambridge
3-bedroom residence on doorstep of Harvard Square
with Private in-home Elevator and Garage Parking
Listed by Charles Cherney
More Information
![74 Putnam Avenue, Cambridge, MA](https://api.curaytor.io/sites/561/media/1065490/74 Putnam Street, Cambridge - Front Exterior.jpg?w=851)
20 Concord Avenue 8, Cambridge
Inviting 1-Br near Harvard Square
Listed by Christine Carpenter
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![20 Concord Avenue Unit 8, Cambridge, MA](https://api.curaytor.io/sites/561/media/1109949/20 Concord Ave Unit 8.jpeg?w=851)
Cambridge Market Stats for May 2020
122
Homes for sale on 5/31
38
Homes sold in May
92
New listings in May
21
Average days to offer
$1,130,218
Average sale price
101%
Avg. sale to list price
Click here to see all the sales in Cambridge in May.
See below for three noteworthy sales in Cambridge in May.
373 Western Ave Unit 3
Sold for $460,000 on May 29, 2020. Listed by Team Patti Brainard of Compass.
![26 Plymouth Street Unit 1, Cambridge, MA](https://api.curaytor.io/sites/561/media/1109777/26 Plymouth 1.jpeg?w=610)
26 Plymouth St. Unit 1
Sold for $605,000 on May 15, 2020. Listed by Merrill Berkery of Compass.
![214 Hurley Street, Cambridge, MA](https://api.curaytor.io/sites/561/media/1109781/214 Hurley.jpeg?w=610)
214 Hurley St.
Sold for $1,060,000 on May 18, 2020. Listed by Myra Von Turkovich of Leading Edge.
Somerville Market Stats for May 2020
73
Homes for sale on 5/31
44
Homes sold in May
62
New listings in May
22
Average days to offer
$1,017,270
Average sale price
99%
Avg. sale to list price
Click here to see all the sales in Somerville in May.
See below for three noteworthy sales in Somerville in May.
![38 Walker Street, Somerville, MA](https://api.curaytor.io/sites/561/media/1109787/38 Walker Street.jpeg?w=610)
38 Walker Street St.
Sold for $650,000 on May 4, 2020. Listed by Liz & Ellie Real Estate of Compass.
![70 Prospect Street Unit 401, Somerville, MA](https://api.curaytor.io/sites/561/media/1109807/70 Prospect Street Unit 401.jpeg?w=610)
70 Prospect St. Unit 401
Sold for $835,000 on May 5, 2020. Listed by True Home Partners of Compass.
![14 Ellsworth Street, Somerville, MA](https://api.curaytor.io/sites/561/media/1109808/14 Ellsworth.jpeg?w=610)
14 Ellsworth Street
Sold for $1,050,000 on May 27, 2020. Listed by Denman Properties of Compass.
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Checking in with Charles
I upped my daily walking to 10,000+ steps each day in the month of May and ended up walking over 150 miles. Cowabunga! That is more than I drove. Brave new world.
Our daughter graduated from Brimmer and May School. Congratulations, Camille! Next up is Pomona College outside LA.
I watched the Ken Burns' PBS documentary on country music and I have been listening to lots of country music of late. Love the Emmylou Harris album "Live at the Ryman."
Every week it seems there are a few more homes for sale and a few more buyers in the market. Price points continue to hold up in Cambridge and Somerville. The "spring market" is shaping up to play out in June-July-August.
The Charles Cherney Team at Compass is here to help you. Our mission is to help you buy the right home and sell for the best price – and to answer your questions about the market, your home and the community. Our work is our calling. Reach out at any time!
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