Year over Year Price Increases Soften:
Single Family, Condo and Multi-Family median sold price increases were only +6.2% SF, +1.0% CC and -1.1% MF in spite of falling inventory.

Mortgage Rates rose from 2.94% in August to 3.2% now.

Month Over Month Median Sales Prices Fall: Sep 2021 vs Aug 2021

• Median Sales Prices Down:

  Single Families -2.9%; Condos -1.5%; Multi-Families -4.7%

• Unit Sales Down for Singles and Condos: â€¨
  Single Families -11.8%, Condos -5.2%, Multi-Families +16.7%.

• Active Listings (Inventory) Down:

  Single Families -9.5%, Condos -2.9%, Multi-Families -18.9%

• Median Sales Price Changes: â€¨
  Single Families +6.2%; Condos +1.0%; Multi-Families -1.1%

• Unit Sales Surge for Multi-Families

  Single Families -11.8% , Condos -19.4%, Multi-Families +31.3%.

• Active Listings (Inventory) Continues to Plunge For Singles, Condos:
 Single Families -29.1%; Condos -29.9%; Multi-Families -3.1%

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