Presenting 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.
All about the Hub inventory plunges: homes on the market disappear into contracts and those that take their places disappear, too. Not so in Charlestown, apparently: the neighborhood's single-family home inventory was flat year over year in August. On top of that, the average time it takes to sell a Charlestown single-family increased more than 14 percent—again, bucking the general regional trend. Prices were flat, too (the median up only 1 percent to $656,250).
The exact opposite appears to be happening with the neighborhood's condos. Inventory dropped 23.4 percent annually in August; the time it takes to sell a Charlestown condo dropped 10.5 percent; and sales jumped even as prices showed respectable increases (with the median up 6 percent to $440,000).
· Boston Condo Inventory Is So Low [Insert Punchline Here] [Curbed Boston]
· Our Neighborhood Watch archive [Curbed Boston]