Housing Report May 2026 vs April 2026, National VS Essex County 6/25/2026
National Housing Report - Sales and Prices Up, Markets Remain Fragmented:
Home sales (Single Family & Condos) reached a 5 month high climbing 3.2% from April 2026 to 4.17 million units despite rising inflation and interest rates. Median prices rose 2.78% from April 2026 and 1.32% from May 2025 to $429,300. Active Listings grew 5.6% from April 2026 to 1,058,693 units. Months of Inventory remains at 4.5 months and Average Days on Market remains at 52. 17.5% of all Active Listings had a Price Reduction in May.
Bottom Line: South and West shifting to buyer favorable markets while the Northeast and Midwest remain highly competitive due to low inventory.
Essex County - May 2026. vs April 2026 - Spring Market Ends Strong!
Month over month unit sales finished strong: Single Family up +27.7% to 355, Condos up +27% to 179 and 2-4 Multi-Families up +66.7% to 55. Median Sales Prices were mixed: Single Family up 7.4% to $800,000, Condos fell -5.9% to $475,000 and Multi-Family up +1.5% to $842,500. Days on Market were 34 for Single Family, 39 for Condos and 34 for Multi-Family.
Active Listings With Price Reductions - May 2026
14.5% of Single-Family, 18.4% of Condos and 17.4% of 2-4 Unit Multi-Family had price reductions which averaged -5.18%, -3.85% and -4.12% respectively.
Current Months of Inventory - a balanced market has 6 months of inventory:
Single-Family 2.3 months, Condo 2.6 months, 2-4 Unit Multi-Family 2.3 months.
Bottomline: Current low inventory favors sellers who price correctly.
To view data for every Essex County town,
- To view data for every Essex County town, http://www.sullivanteam.com/Properties/Reports/Public/Charts.php
- To Download the full housing report go to: http://sullivanteam.com/pages/EssexCountyHousingReports
