After years of rising demand and home prices, Boston’s housing market is showing signs of leveling or even cooling off. But that doesn’t mean that some neighborhoods in the city aren’t still seeing price and sales growth.
RE/MAX Leading Edge has released June sales data broken down by Boston neighborhoods and suburban sub-markets. In Boston, there were more neighborhoods that saw drop-offs in total sales than ones that saw rises, but many neighborhoods are still showing tremendous price growth, according to the numbers.
Here are four Boston neighborhoods that saw substantial gains in either units sold or median price for the month of June, courtesy of RE/MAX Leading Edge.
Beacon Hill: This historic neighborhood had the largest jump in units sold in June compared to the same month last month at 44 percent. Median prices also rose by 39 percent, though days on the market has doubled last June.
Units sold | Median price | Inventory | Days on market | Pending sales | |
---|---|---|---|---|---|
2017 | 26 | $1.33 million | 72 | 87 | 23 |
2016 | 18 | $955,000 | 83 | 41 | 14 |
Units sold | Median price | Inventory | Days on market | Pending | |
---|---|---|---|---|---|
2017 | 34 | $775,000 | 103 | 20 | 59 |
2016 | 38 | $645,500 | 97 | 29 | 33 |
Units sold | Median price | Inventory | Days on Market | Pending sales | |
---|---|---|---|---|---|
2017 | 46 | $570,800 | 77 | 23 | 37 |
2016 | 38 | $522,500 | 106 | 35 | 30 |
Units Sold | Median Price | Inventory | Days on Market | Pending Sales | |
---|---|---|---|---|---|
2017 | 7 | $565,000 | 29 | 90 | 10 |
2016 | 5 | $521,000 | 24 | 34 | 6 |