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Essex County Housing Report Jan 2022

Essex County January Housing Report 1/9/2022

Year over Year, Dec 21 vs Dec 20, Prices Rose +11.1% for Single Family, +12.9% for Condos and +15.8% for Multis. All Active Listings Plunged -38%.

Month over Month, December 21 vs Nov 21, prices fell -1.6% for Singles, -6.0% for Condos and rose +0.7% for Multis. All Active Listings plunged -35%.

30 Year Mortgage Rates rose to 3.5%.

Month Over Month, Dec 21 vs Nov 21,
  1. Median Sold Prices Softened for Singles and Condos, Multis barely rose:
    Single Families -1.6%; Condos -6.0%; Multi-Families +0.7%

  2. Unit Sales Down for Singles and Condos but rose for Multis : 
    Single Families -2.1%, Condos -13.3%, Multi-Families +15.6%

  3. Active Listings (Inventory) Plunged:
    Single Families -35.2%, Condos -32.2%, Multi-Families -41.4%

 
Year Over Year, Dec 2021 vs Dec 2020, Prices Up, Inventory Plunged
  1. Median Sales Price Up: 
    Single Families +11.0%; Condos +12.9%; Multi-Families +15.8%

  2. Unit Sales Fell for Singles and Condos:
    Single Families -13.0% , Condos -13.9%, Multi-Families +1.8%.

  3. Active Listings (Inventory) Continued to Plunge:

    Single Families -34.0%; Condos -40.8%; Multi-Families -47.4%