The Southie Minute: A Quick Pulse Check on the Boston Real Estate Market

by Chris Fitzpatrick

It’s time for your Southie minute, your quick pulse check on the 02127 real estate market!

Let’s talk inventory.

We’ve seen almost a 100% increase in available condos since the start of the year. That’s huge, especially in a tight market like Southie where it doesn’t take much to shift the balance.

We’re now hovering around 5 months of inventory, and to put that all into perspective, we haven’t see that in over a decade. Prices haven’t dropped yet, but if this trend continues, we will start to see pressure on pricing.

Permitted projects are down more than 50%, so this inventory spike is mostly from resale units stacking up.

Let’s chat about your real estate goals! Shoot me an email at Chris@Fitzpatrickre.com.

I live here, work here, and keep a close eye on all things Southie real estate.