With interest rates on the rise, the outlook of the Cambridge condo market is not so bright. As of today, there are 407 condo for sale, ranging from a 370 square foot 1 bedroom in North Cambridge for $199,900, to a 4235 square foot floor through unit on the Charles River in the Esplanade for only $3,950,000 (condo fees of more than $2800 a month). If there were at least 135 buyers last month, I would argue that it was still a sellers market. But unfortunately for you Cambridge condo sellers out there, the market saw only 38 buyers this past month.

This means that there was over a 10 months supply, for every buyer last month, there were more than 10 sellers competing for their offer. And if the demand for condos continues at this rate, it would take almost a year to burn through the current supply. And that