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.
The word of the day for the Beacon Hill single-family market is "down." Just about every measure, whether of prices or sales, was down annually in December. The median sales price, for instance, was down 2.2 percent to a still-formidable $2,155,000, and the inventory of unsold townhouses/manses on the market was down 17.5 percent (at the same time as sales were down, too, by a similar percentage-point total).
In the Beacon Hill condo market, sales were up significantly annually (15.2 percent) as were sales prices. The median, in fact, jumped a remarkable 17.1 percent to $609,500 as inventory tightened (e.g. it dropped more than 40 percent from last year).
· Our Neighborhood Watch archive [Curbed Boston]