Essex County August Housing Report 8/8/2023
USA Credit Rating lowered by Fitch from AAA to AA+
30 Year Mortgage Rates Rose to 7.2% but retreated to 7.04 Today
Oil Prices (West Texas Intermediate) Rose 17.2% During July: from $69.79 to $81.80.
Expect inflation to rise in July. Check CPI report on 8/10/2023
Today’s Bottom Line for Singles and Condos and Multi-Families:
Year over Year, Prices Rose. Units Sold, Active Listings and Inventories fell.
Month over Month, Prices Rose. Units Sold and Active Listings fell.
Record low inventory keeps pricing firm in spite of higher mortgage rates.
- 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
