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The last 90 days in Beacon Hill has seen 121 home closings. That is up 20% from the same time one year ago. In addition the average Beacon Hill home is now taking 85 days to get an offer. That is in contrast to the 101 days it was taking a year ago. That's the good news.

The down side is that Beacon Hill has followed the overall trend for housing prices falling about 9% in the past year. The average price per square feet in Beacon Hill is now $158.70, while one year ago that number was $173.75.

One thing helping home prices is that mortgage rates hit a new low last week. Lower rates means more willing buyers and greater competition. Rates should stay low for the foreseeable future too with the government announcing that they intend to keep rates low into 2014.

One more bright spot for Beacon Hill home owners is that there are a lot fewer homes available. City wide there are about 25% fewer homes for sale. Again less inventory means greater competition for the few that are for sale and better prices.

For a full list of Beacon Hill homes check out the following links:

Beacon Hill Homes for sale

Beacon Hill Condos for Sale

Beacon Hill Open Houses

Beacon Hill Bank Owned Homes

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