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Essex County March Housing Report 3/9/2021

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: â€¨
    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%

Year Over Year, February 2021 vs February 2020
  • Median Sales Prices Up Double Digit: â€¨
    Single Families +10.5%; Condos +13.7%; Multi-Families +25.5%

  • Unit Sales Up: â€¨
    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