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Two Words in Beacon Hill: 'Up' and 'Down'

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, Beacon Hill.

For the Beacon Hill single-family market, the word of the day is: down. Sales were down slightly year-over-year in November as were the median and average sales prices ("down" being a relative term in the neighborhood: the median was still $2,205,000). Inventory was down as well, though it takes slightly longer on average to sell a Beacon Hill house (167 days).

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The condo market saw basically the exact opposite in November: Sales were up annually as were the average and median sales prices (the median was way up, in fact: 22.7 percent to $635,000). Meanwhile, inventory was down by double-digit percentage points, and the days-on-market average dropped below 90.
· Our Neighborhood Watch archive [Curbed Boston]