Essex County September Housing Report 9/18/2023
Inflation Heating Up Again
Consumer Price Index rose 0.6% in August and is up 3.7% for 12 months. Prices driven by rising gasoline and shelter prices.
Oil Prices (West Texas Intermediate crude) Rose 15.3% in the past 30 days from $80.12. to $92.36.
30 Year Mortgage Rates Today Were 7.31% (Mortgage News Daily)
Singles, Condos and Multi-Families:
Month over Month, Prices were mixed, Units Sold rose and Active Listings fell.
Year over Year, Prices Rose over 10%, but Units Sold and Active Listings continue to drop double digit.
Record low housing inventory keeps pricing firm in spite of high 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
