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Essex County May Housing Report May 10, 2021

One year after Covid-19 decimated our economy & jobs,
Single Family median prices up an eye-popping 20.8% from last year. 

 

Month Over Month, April 2021 vs March 2021

  • Median Sales Prices Up for Singles and Multis and Down for Condos:
  • Single Families +10.9%;  Condos -4.5%;  Multi-Families +7.2%
  • Unit Sales Up Sharply, Buyer Demand Is Strong:
    Single Families +35.9%, Condos +13.3%, Multi-Families +30.2%.
  • Active Listings Down as we move into Spring:
    Single Families -2.1%, Condos -1.4%, Multi-Families  -9.4% 

Year Over Year, April 2021 vs April 2020

  • Median Sales Prices Up Double Digit for Single Families and Multis: 
    Single Families +20.8%; Condos +8.5%;  Multi-Families +25% 
  • Unit Sales Up Sharply:
    Single Families +23.9% , Condos +31.4%, Multi-Families +78.3%.
  • However, Active Listings Continue to Plunge:
    Single Families -51.7%; Condos -34.5%; Multi-Families -34.6% 

Terry

 

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