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%
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 Download the full housing report go to: http://sullivanteam.com/pages/EssexCountyHousingReports