Housing Report April 2026 vs March 2026; National vs Essex County 4/28/2026
National Housing Report: Fragmented Markets: South & West vs NE & Midwest
National median home prices (Single Family & Condos) rose to $417,700, up +0.6% from March and +0.9% from April 2025. April Unit sales were 402,000 up +0.3% from March and +0.0% from April 2025. 16.7% of active listings had a price reduction. Inventory rose to 4.4 months, up +4.8% from March and up +2.3% from April 2025 as Active Listings rose to 1,002,935, up +4.0% from March and up +4.6% from April 2025.
Bottom Line: South and West shifting to buyer favorable markets while the Northeast and Midwest remains highly competitive due to low inventory.
Essex County - April 2026. vs March 2026 - Spring Rally Continues!
Sold prices rose +2.1% for Single Families, +5.7% for Condos but fell -5.4% for 2-4 units. Unit sales up +43% for Singles, up +1.4% for Condos, but fell -25% for 2-4 Units.
Active Listing that had a Price Reductions: 21.3% of Single-Families, 30.3% of Condos and 18% of 2-4 Units had price reductions in April which averaged -4.9%, -4.8% and -3.6% respectively.
Bottom line: Current low housing inventory favors sellers. Existing low 30 year mortgage rates are the cause: 79% of outstanding home mortgages have a rate below 6%; 69% have a rate below 5% and 51% have a rate below 4%. Today’s rate is 6.6%.
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
