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