Essex County February Housing Report 2/7/2022

January Inventory was a record low for Singles, Condos and Multis. 

30 Year Mortgage Rate have risen to 3.87%.

Month Over Month, Jan 22 vs Dec 21, 

• Median Sold Prices fell for Singles and Multis but rose for Condos:
  Single Families -4.2%;  Condos +1.3%%;  Multi-Families -1.5%
• Unit Sales were Down:
  Single Families -38.5%, Condos -38.2%, Multi-Families -45.9%
• Active Listings (Inventory) Down:
  Single Families -40.6%, Condos -27.4%, Multi-Families  -51.7% 

Year Over Year, Jan 2022 vs Jan 2021, Prices Up, Unit Sales and Inventory Down

• Median Sales Price Up: 
  Single Families +9.1%; Condos +14.0%;  Multi-Families +8.9% 
• Unit Sales Fell:
  Single Families -8.2% , Condos -16.2%, Multi-Families -22.1%.
• Active Listings (Inventory) Down:
  Single Families -45.3%; Condos -44.3%; Multi-Families -66.9% 
  
  Terry

• 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