HIGH-END $2,000,000+ MARKET HIGHLIGHTS
- Inventory up 12% (Record 514 vs record 458 last year).
- Sales up 23% (Record 423 vs record 345 last year).
- Top Sale: $10,500,000, 10 Appleton Street, Cambridge.
- Buyers and sellers continue to increase their activity resulting in record inventories and sales.
- As usual, special properties, expertly presented, reaching out to a broad market with a strong value proposition, will have a competitive advantage.
HIGH-END LISTINGS ACTIVE AND PENDING
At the end of the second quarter, the inventory of high-end listings, active and pending, increased 12% to a record 514 listings compared to a record 458 last year. Over the past 10 years there have been on average 335 listings at this time. The majority (56%) of these listings are in the $2-$3 million range and 79% are in the $2-$4 million range. Twelve percent are $5,000,000 +, 5% at $7,000,000+, and 3% at $10,000,000+. Inventories dipped in Q1 2022, but have been strong in every quarter since then.
High-End Sales
Sales at the end of the second quarter increased by 23% to a record 423 compared to a record 345 last year. Over the past 10 years there have been on average 226 sales at this time. The majority (69%) of these sales were in the $2-$3 million range and 89% were in the $2-$4 million range. Five percent were $5,000,000+ and 1% were above $7,000,000+. Sales dipped in Q1 2023 but recovered through the year with record levels since Q1 2024.
Top Sale – First Half 2025
10 Appleton Street
Town: Cambridge
Selling price: $10,500,000
Classic gambrel colonial style residence
on 0.3 acres in one of the most desirable
neighborhoods in Cambridge. Built in 1894
with 5,822 sqft with 5 bedrooms. Originally
priced at $12,000,000 and on the market for
193 days.
Highest & Average Sale – First Half 2025
Days on Market
Days on market for high-end sales at the end of the second quarter were level at 62 compared to 61 last year, the 10-year record high of 148 in 2017 and 2018, and the 10-year average of 97. The range of days on market is wide, from 1 to 481 days.
Sales by Town
Twenty-five of the 54 cities and towns in Middlesex County, Massachusetts, had high-end sales in the first half. Newton leads with 121 sales compared to 101 sales last year. Lexington followed with 57 sales compared to 55 sales last year and Concord with 42 sales compared to 29 sales last year. Winchester and Weston were close with 39 and 38 sales, respectively.
