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"Transforming Real Estate into Reality"

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Essex County Housing Report November 2021

Essex County November Housing Report 11/12/2021

Year over Year Prices Rose as Inventory Continued to Plunge:
Single Family, Condo and Multi-Family median sold price rose 11% SF, +8.7% CC and +21.1%.

Mortgage Rates rose to 3.23%.

Month Over Month Median Sold Prices Soft: Oct 2021 vs Sep 2021

  • Single Families -0%; Condos -5.1%; Multi-Families +8.2%

  • Unit Sales Down: 

    Single Families -2.2%, Condos -16.2%, Multi-Families -4.7%.

  • Active Listings (Inventory) Still Falling:

    Single Families -11.4%, Condos -8.4%, Multi-Families -18.9%

    Year Over Year, Oct 2021 vs Oct 2020, Prices Up, Inventory Down

  • Median Sales Price Up: 
    Single Families +11.0%; Condos +8.7%; Multi-Families +21.1%

  • Unit Sales Down for Singles and Condos but Surge for Multi-Families
 Single Families -11.4% , Condos -28.1%, Multi-Families +24.7%.

  • Active Listings (Inventory) Continue to Plunge:
    Single Families -32.1%; Condos -31.9%; Multi-Families -14.6%

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