Photo by Jim Morrison | Banker & Tradesman Staff

Multifamily Home Conversions Slowly Picking Up In Medford

Everyone knows Somerville’s rags-to-riches story: Multifamily houses in that scrappy, working-class town were gradually bought up by developers who turned them into condominiums and sold them off to yuppies who’d been priced out of Cambridge. Now that the median sale price of a Somerville condo is just shy of $600,000, where will budget-conscious buyers go next?