South Dorchester Real Estate Market Hits Contracts High

A bump in the number of contracts in the South Dorchester market over the last 30 days resulted in the highest amount since July. 57 homes went under contract to go along with 27 completed sales, which also extends a five-week downward sales trend. When comparing other close-by neighborhoods within the same period, the most came from the South Boston neighborhood with 72 contracts executed. Prices are falling in South Dorchester, and this period the median price of all sales fell from $422,600 to $400,000. With only three months of inventory and rising contracts, South Dorchester is a seller's market.

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Data reported through 10/12/2016

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