Essex County Housing Report July 2021 - Covid Recovery

Essex County July Housing Report 7/10/2021 - Covid 19 Recovery

Single Family, Condo and Multi-Family median sold prices still rising at a very high rate, 22.8%, 12.5% and 16.4% respectively from last year’s depressed Covid-19 Sales 😮 . This trend is not sustainable. The rate of price increases is starting to drop.

Month Over Month, June 2021 vs May 2021

  • Median Sales Prices Mixed:
    Single Families +3.3%; Condos -2.3%; Multi-Families +1.3%

  • Unit Sales are Surging: 
    Single Families +37.5%, Condos +34.6%, Multi-Families +30.5%.

  • Active Listings Remain Weak:
    Single Families +4.0%, Condos -0.3%, Multi-Families -6.9%

    Year Over Year, June 2021 vs June 2020, Sales and Prices Up Sharply from Depressed Covid Sales while Inventory Plummets

  • Median Sales Prices Sharply Higher: 

    Single Families +22.8%; Condos +12.5%; Multi-Families +16.4%

  • Unit Sales Explode: 

    Single Families +28.1% , Condos +40.9%, Multi-Families +122.9%.

  • However, Active Listings Continue to Plunge:

    Single Families -45.4%; Condos -40.0%; Multi-Families -17.0%

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