One year after Covid-19 decimated our economy & jobs, May median prices up an astounding 29.6% for Single Families, 20.9% for Condos and 26.5% for Multis from last May. Year over Year Active listings continue to plunge.
Month Over Month, May 2021 vs April 2021
Median Sales Prices Up Strongly:
Single Families +5.7%; Condos +10.2%; Multi-Families +1.1%
Unit Sales Up for Singles and Condos Down for Multis: Single Families +14.3%, Condos +8.1%, Multi-Families -4.8%.
Active Listings Still Falling:
Single Families -0.2%, Condos -12.4%, Multi-Families -10.0%
Year Over Year, May 2021 vs May 2020 Up Sharply from Depressed Covid Sales - not sustainable
Median Sales Prices Sharply Higher:
Single Families +29.6%; Condos +20.9%; Multi-Families +26.5%
Unit Sales Hot:
Single Families +18.2% , Condos +70.9%, Multi-Families +46.3%.
However, Active Listings Continue to Plunge:
Single Families -49.9%; Condos -41.0%; Multi-Families -22.5%
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