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, Beacon Hill.
The single-family market is a mash-up. Sales were slightly year over year in August, and inventory was down nearly 8 percent, both of which is good news for sellers. But prices were down, too (the all-important median by 11.6 percent to $2,050,000), and the average time it takes to sell a Beacon Hill townhouse was up almost a full month.
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Everything's comin' up sellers in the condo market. Let's see... the average and median sales prices were up annually in August by double-digit percentages (to $845,508 and $605,000, respectively); sales were up 1.8 percent; inventory was down 34.1 percent; and time on the market was down 10.1 percent.
· Our Neighborhood Watch archive [Curbed Boston]