South Boston Real Estate Market Extends Downward Trend in Home Prices

The South Boston market pulled back with a 5.6% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (60.4) with 85 homes sold. Meanwhile, the Central Boston neighborhood reported 57 home sales, the highest number from all of the surrounding neighborhoods. The median sales price of homes sold came in at $640,000, which extended a downward swing in price to four weeks. Despite the falling prices, a relatively low two months of inventory indicates that South Boston is still a strong seller's market.

Trying to find an affordable a home? Take a look at these low-priced listings in South Boston:

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Demographic facts about South Boston:

  • This area has an average elevation of 21 feet.
  • The median income per household is $61,111 in the area.
  • The student-to-counselor ratio is 589:1. (513:1 = national average)

Data reported through 10/12/2016

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