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%