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, the Seaport District condo market ('cause single-families ain't really its thing).
The totally unsurprising takeaway from the Seaport District's condo market is that inventory has plummeted there even as sales have increased: in other words, remarkably healthy demand. The inventory of unsold condos on the market dropped annually in September by 41.5 percent as the median sales price was up 2.3 percent to $605,000 and the average was up 7.9 percent to $705,102 (sales were up, too, though the average price per square foot was down slightly).
· Our Neighborhood Watch archive [Curbed Boston]