Essex County March Housing Report 3/9/2021
Inventory continues to drop to new lows, prices up strongly year over year and sold units are slowing down.
Month Over Month, February 2021 vs January 2021
Median Sales Prices Up for Singles and Condos, Down for Multis:
Single Families +4.6%; Condos +7.2%; Multi-Families -1.2%
Unit Sales Plunged for Singles, Condos and Multis:
Single Families -19.3%, Condos -15.9%, Multi-Families -33.8%.
Active Listings (Inventory) Continue to Plummet to New Lows
Single Families -15.1%, Condos -12.4%, Multi-Families -13%
Median Sales Prices Up Double Digit:
Single Families +10.5%; Condos +13.7%; Multi-Families +25.5%
Unit Sales Up:
Single Families +4.4% , Condos +4.6%, Multi-Families +25.4%.
Number of Active Listings Plunged to New Lows:
Single Families -58.7%; Condos -47.6%; Multi-Families -40%
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