Essex County September Housing Report 9/11/2021

Single Family, Condo and Multi-Family median sold prices up strongly from last year, +7.7%, +15.4% and +16.4% respectively, reflecting the continuing inventory shortage and record low mortgage rates. 

Month Over Month, Aug 2021 vs July 2021

• Median Sales Prices:
  Single Families 0.7%;  Condos 6.7%;  Multi-Families -4.1%
  
  
• Unit Sales:
  Single Families 4.2%, Condos -1.1%, Multi-Families -4.3%.
  
  
• Active Listings (Inventory) Down:
  Single Families -2.7%, Condos -7.4%, Multi-Families  -7.3% 

Year Over Year, Aug 2021 vs Aug 2020, prices up sharply as inventory plummets

• Median Sales Prices Up Sharply: 
  Single Families +7.7%; Condos +15.4%;  Multi-Families +16.4% 
  
  
• Unit Sales Surge for Multi-Families
  Single Families -4.4% , Condos -14.0%, Multi-Families +40.6%.
  
  
• Active Listings (Inventory) Continues to Plunge For Singles, Condos:
  Single Families -32.6%; Condos -32.1%; Multi-Families 14.5% 

To Download the full housing report go to:  http://sullivanteam.com/pages/EssexCountyHousingReports