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, East Boston.
We're not dealing with a humungous amount of single-family stock here, so the swings we're talking about aren't that big at second glance... except when they are. The inventory of Eastie single-families for sale dropped nearly 70 percent annually in August; and the time it would take to sell what was available dropped more than four months. All this while sales (and sales prices) were down.
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Inventory was also way down annually for condos. But prices and sales climbed—heck, jumped in some cases (median sales price up 11.5 percent to $236,450 and sales up 20.9 percent). Eastie, then, joins everyone else across the water in the housing boom.
· North End Condos Practically Flying Off the Shelves Now [Curbed Boston]
· Our Neighborhood Watch archive [Curbed Boston]