Inventory continues to drop to new lows, prices up strongly year over year and sold units are slowing down.

Month Over Month, February 2021 vs January 2021

• Median Sales Prices Up for Singles and Condos, Down for Multis:
 
  Single Families +4.6%; Condos +7.2%; Multi-Families -1.2%

• Unit Sales Plunged for Singles, Condos and Multis: â€¨
  Single Families -19.3%, Condos -15.9%, Multi-Families -33.8%.

• Active Listings (Inventory) Continue to Plummet to New Lows
 
  Single Families -15.1%, Condos -12.4%, Multi-Families -13%

• Median Sales Prices Up Double Digit: â€¨
  Single Families +10.5%; Condos +13.7%; Multi-Families +25.5%

• Unit Sales Up: â€¨
  Single Families +4.4% , Condos +4.6%, Multi-Families +25.4%.

• Number of Active Listings Plunged to New Lows:

  Single Families -58.7%; Condos -47.6%; Multi-Families -40%

 To view data for every Essex County town, go to:  http://www.sullivanteam.com/Properties/Reports/Public/Charts.php

 To Download the full housing report go to:  http://sullivanteam.com/pages/EssexCountyHousingReports