Essex County Housing Report March 2022

February Inventory remains at a record low for Singles, Condos and Multis. 

30 Year Mortgage Rate have risen to 4.28%.

 Prices and Unit Sales fell from Jan to Feb for Singles, Condos, Multis. 

 Month Over Month, Feb 22 vs Jan 21, 

• Median Sold Prices fell:
  Single Families -2.6%;  Condos -12.7%;  Multi-Families -1.2%
• Unit Sales were Down:
  Single Families -30.3%, Condos -16.8%, Multi-Families -34.4%
• Active Listings (Inventory) Down:
  Single Families -3.3%, Condos -19.7%, Multi-Families  0% 

Year Over Year, Feb 2022 vs Feb 2021, Unit Sales and Inventory Down

• Median Sold Price Mixed: 
  Single Families +1.6%; Condos -5.9%;  Multi-Families +9.4% 
• Unit Sales Fell:
  Single Families -21.3% , Condos -15.7%, Multi-Families -23.1%.
• Active Listings (Inventory) Down:
  Single Families -34.0%; Condos -46.6%; Multi-Families -54.3% 
  
  

• 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