Essex County Housing Report June 2025, 7/21/2025

Bottom Line: 

June 2025 Units Sold and Median Sold Price rose both year over year and month over month for Single Families, Condos and 2-4 Unit Multi-families.  As expected, the number of Active Listings increased from May to June

The market still favors sellers as inventory remains low, around 2 months.  As 71.3% of outstanding home mortgages are below 5%, inventory will remain tight.

Mortgage rates to remain unchanged as June Inflation, Consumer Price Index (CPI), for 12 Month rose to 2.7% from 2.4% in May.  However, Wholesale Inflation, Producer Price Index (PPI), for 12 months fell from 2.7% in May to 2.3% in June.  Wholesale Prices often predict the direction of Consumer Prices.

30 year Mortgage rate for June averaged 6.75%.  Today’s mortgage rate is 6.81% (Mortgage News Daily). 

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