Essex County Housing Reports: October 2017 vs October 2018; August - October 2017 vs August - October 2018

Inventory Finally Turns Up For Single Families but continues to fall for Condos and Multi-Families.

Prices continue to rise for all property types - breakdown by property type:

Single Family: October: Inventory Up 4% and Sale Prices Up 3.2%:  3 Months Inventory Up 0.3% and Sale Prices Up 5%

Condo: October Inventory Down 1.6% and Sale Prices Up 10%:  3 Months Inventory Down 2.9% and Sale Prices Up 3.5% 

Muilti-Family: October Inventory Down 8.8% and Sale Prices Up 4.5%: 3 Months Inventory Down 1.1% and Sale Prices Up 7.1% 

To view data for every Essex County town, go to:  http://www.sullivanteam.com/Properties/Reports/Public/Charts.php 

To dowload the full Housing Report go to: http://sullivanteam.com/pages/EssexCountyHousingReports

Mortgage Bankers Association (MBA) – As the leading advocate for the real estate finance industry, the MBA enables members to successfully deliver fair, sustainable, and responsible real estate financing within ever-changing business environments.

The National Association of Realtors (NAR) – The largest association of real estate professionals in the world.

Freddie Mac – An organization which provides liquidity, stability, and affordability to the U.S. housing market in all economic conditions extending to all communities from coast to coast.

Fannie Mae – A leading source of financing for mortgage lenders, providing access to affordable mortgage financing in all markets.

Here are their projections:

https://www.keepingcurrentmatters.com/?p=2063062