Essex County Q1, 2021 Housing Report 4/10/2021 - Covid 19

 Quarter 1, 2021 vs Q4, 2020: Sold Prices were soft and Sold Units and Active Listings plunged. 

Year Over Year, Inventory fell to record low levels but prices up strongly.

Quarter 1, 2021 vs Quarter 4, 2020 

• Median Sales Prices rose only for Multies:
  Single Families -1.8%;  Condos +0.0%;  Multi-Families +3.7%
• Unit Sales Plunged for Singles, Condos and Multis:
  Single Families -62.3%, Condos -54.1%, Multi-Families -44.2%.
• Active Listings Plunged to record lows:
  Single Families -46.9%, Condos -38.4%, Multi-Families  -29.9% 

 Year Over Year, Q1 2021 vs Q4 2020

• Median Sales Prices Up Double Digit: 
  Single Families +10.4%; Condos +10.6%;  Multi-Families +12.5% 
• Unit Sales Mixed:
  Single Families -4.0% , Condos +8.8%, Multi-Families +12.4%.
• Number of Active Listings Plunged to Record Lows:
  Single Families -51.6%; Condos -39.4%; Multi-Families -28.0%