This is Neighborhood Watch, a monthly breakdown from Curbed Boston about what's going on market-wise in key neighborhoods 'round the region (and, for our purposes here, towns and cities are neighborhoods, too—because they almost were, after all). All stats courtesy of William Raveis Real Estate. Next up, Charlestown.
Here's something you don't see very often in a major Hub 'hood: Charlestown's single-family inventory was exactly the same in September 2012 as it was in September 2011. Generally, inventory goes up or—as is more and more the case in the Hub—way down. At the same time, sales spiked year-over-year by 36 percent, though prices were flat, too.
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This is more like it: the inventory for condos plunged year-over-year by more than 25 percent as did the number of months of supply. And the average time it takes to unload a Charlestown condo was down 14-plus percent. And all this amid rising prices and sales.
· Boston Condo Inventory Is So Low [Insert Punchline Here] [Curbed Boston]
· Our Neighborhood Watch archive [Curbed Boston]