Essex County January Housing Report 1/11/2021

Essex County January Housing Report 1/11/2021 - Covid 19

Inventory at record low levels, Prices up strongly year over year, but Price Resistance from November to December 2020.

Month Over Month, December 2020 vs November 2020

  • Median Sales Prices Flat for Singles and Down For Condos and Multis: Single Families +0.4%; Condos -4.1%; Multi-Families -1.7%

  • Unit Sales still Down for Singles but up Condos and Multis: 
 Single Families -5.7%, Condos +7.0%, Multi-Families +49.3%.

  •  Active Listings (Inventory) Continue to Plummet: Single Families -37.2%; Condos -28.2%; Multi-Families -24.2% - record low inventory

Year Over Year, December 2020 vs December 2019

  • Median Sales Prices Still Rising: Single Families +17.4%; Condos +6.9%; Multi-Families +14.0%

  • Unit Sales Up Strongly: Single Families +10.6% and Condos +15.9% and Multi-Families +9.3%.

  • Number of Active Listings Plunged: Single Families -56.0%; Condos -42.3%; Multi-Families -35.4% - record low inventory