Southie Real Estate Is Shifting Fast — Here’s What You Need to Know

by Chris Fitzpatrick

The South Boston real estate market is at an inflection point — and if you own property (or want to), now’s the time to pay attention.

In 2023, we saw inventory down, sales plummeting, and prices slipping slightly. Fast-forward to 2025, and we’ve flipped the script:

📈 Inventory is up 70% — the highest Southie has seen since 2012
📉 Sales are still stuck at Great Financial Crisis-era lows
📊 Prices are up 7.8% year-over-year… but for how long?

This combination — rising supply, weak transaction volume, and still-elevated interest rates — signals a major market transition. The question isn’t whether Southie is changing. It’s how quickly, and who will be ready.

What’s Driving This Shift?

We’re not seeing a flood of new construction. In fact, permitted new projects are down more than 50%. So what’s fueling the inventory spike? Resale units — properties that aren’t moving as quickly, stacking up month after month.

We're now hovering around 5 months of inventory — a level we haven’t seen in more than a decade. That may sound like a small number, but in a dense, supply-constrained neighborhood like South Boston, it’s a big deal. And it’s the kind of supply pressure that, historically, leads to price softening if buyer activity doesn’t rebound.

What This Means for You:

📌 Buyers: You’ve got more leverage than you’ve had in years. More options, more room to negotiate, and less pressure to rush. But don’t mistake that for a reason to sit back forever — when the market resets, opportunity favors the prepared.

📌 Sellers: You’ve still got a window. Prices are holding, but momentum is shifting. If you’re planning to sell, this may be your moment — before competition and rates weigh things down.

I live here. I build here. I study this market every single day. My job isn’t to sell hype — it’s to help you make confident, strategic decisions in a market that’s evolving fast.

Want to talk strategy for your specific situation?

📬 Shoot me a DM or email me at Chris@Fitzpatrickre.com