South Boston Real Estate Market Recap: Year-to-Date Transactions Down but Prices Hold Steady
By Ginger DeShaney The third quarter of 2022 held some local real estate market surprises. “Some things even surprised me,” said long-time South Boston realtor Jackie Rooney. “The big change is the number of sales is down 30%.” But the bigger surprise is that prices held through the year's first three quarters, although many of these transactions went under agreement when the rates were lower (from November 2021 through March 2022). At the end of the third quarter in 2021 (year to date through Sept. 30), there were 756 transactions; this year, that number is 531. “Some of it is due to the interest rate, and maybe people were reluctant to sell,” said Rooney, broker/owner of Rooney Real Estate. Even if some homeowners prefer to [...]