South End Market Update
Boston's Top 10 Neighborhoods by Number of Sales and Median Sales Price
Boston’s highest- and fastest-selling neighborhoods still begin with “South.” South Boston and the South End recorded the greatest number of sales. Below is a more detailed breakdown of Boston’s top 10 neighborhoods:
For the most part, median sales prices increased across the board compared to the second quarter of 2016. The only neighborhoods to experience a decline were South Boston, Back Bay, and Seaport, which more than likely reflects just how much of the recent higher price point inventory has already been absorbed. In the last five years in particular, median sales prices per square foot have surged across Boston. This rapid increase is most obvious in neighborhoods like the South End, which has steadily outpaced citywide prices.
South End Breakdown
The South End retains its spot as a neighborhood of choice in Boston. Two bedroom homes make up half of the total number of sales in the second half of 2016.