A Record Year in South Boston Real Estate
A Record Year in South Boston Real Estate After a down year in 2020, the South Boston real estate market rebounded spectacularly in 2021. The latest figures from Banker & Tradesman show that South Boston had 1,158 transactions in 2021, the highest ever. A number of factors – post-pandemic demand, a desirable location, and good interest rates – came together “and resulted in a record year for transactions,” said Jackie Rooney, broker/owner of Rooney Real Estate in South Boston. “I think there was pent-up demand from 2020,” said Rooney. “2020 was really the heart of COVID. We were shut down pretty much from March through May. Not only were people not buying in those months, but developers couldn’t do work on their buildings for three or four months.” Some of the projects that were slated to go on the market in 2020 got pushed into 2021. Rooney himself had two projects that should have been done in 2020 but got moved into 2021. Southie is the location to be, ano...