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Essex County Housing Report April 2022

30 Year Mortgage rates rise to 5.15% 

Essex County housing market snapped back in March from a dismal February.

Month Over Month, March 2022 vs Feb 2022,

  • Median Sold Prices up strongly:


    Single Families +6.3%; Condos +17.7%; Multi-Families +8.2%

  • Unit Sales up double digit: â€¨

    Single Families +26.4%, Condos +29.3%, Multi-Families +37.5%

  • Active Listings (Inventory) Mixed:


    Single Families +3.3%, Condos -7.3%, Multi-Families +10.3%

    Year Over Year, March 2022 vs March 2021, Prices Up and Inventory Down Double Digit

  • Median Sold Price Up : â€¨

    Single Families +9.2%; Condos +7.7%; Multi-Families +19.2%

  • Unit Sales Fell from a lack of inventory:


    Single Families -7.4% , Condos -7.7%, Multi-Families -12.7%.

  • Active Listings (Inventory) continued to Plummet:


    Single Families -33.7%; Condos -47%; Multi-Families -47.9%