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Essex County Housing Report October 2021

Essex County October Housing Report 10/11/2021 Covid 19 Recovery

Year over Year Price Increases Soften:
Single Family, Condo and Multi-Family median sold price increases were only +6.2% SF, +1.0% CC and -1.1% MF in spite of falling inventory.

Mortgage Rates rose from 2.94% in August to 3.2% now.

Month Over Month Median Sales Prices Fall: Sep 2021 vs Aug 2021

  • Median Sales Prices Down:
    Single Families -2.9%; Condos -1.5%; Multi-Families -4.7%

  • Unit Sales Down for Singles and Condos: 
    Single Families -11.8%, Condos -5.2%, Multi-Families +16.7%.

  • Active Listings (Inventory) Down:
    Single Families -9.5%, Condos -2.9%, Multi-Families -18.9%

Year Over Year, Sep 2021 vs Sep 2020, price increases slow
  • Median Sales Price Changes: 
    Single Families +6.2%; Condos +1.0%; Multi-Families -1.1%

  • Unit Sales Surge for Multi-Families
    Single Families -11.8% , Condos -19.4%, Multi-Families +31.3%.

  • Active Listings (Inventory) Continues to Plunge For Singles, Condos:
 Single Families -29.1%; Condos -29.9%; Multi-Families -3.1%

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