The recent market stats were just released by GBAR for all of the housing markets around Boston. In it, we see similar patterns that were expected as unemployment remains low as well as mortgage rates. The one piece that has kept sales slower than possible is the low amount of inventory across the board, which is not expected to change anytime soon.
Looking at the South End market specifically, we see a mirror of many other neighborhoods such as Back Bay and Seaport. The median sales price saw an increase of 13.7% from the year before to $844,375. Supply of homes for sale saw a decrease, as expected, to only 1.7 months of inventory. This is down over 25% from the year before.
Take a look at the numbers:
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