Essex County 2019 Mid-Year Report
As of June 30th, Essex County saw a 1.4% decrease in sales. The first half of 2019 saw 4,845 home sales compared to 2018 when 4,914 total homes were sold.
Prices increased by 5.8%, now up to $492,840 in 2019 compared to $465,780 in the first half of 2018.
Homes Listed in Essex County:
From January 1st to June 30th, there were 7,004 homes listed on the market, a slight .3 % increase when compared to the same date range in 2018 which had 6,983 homes placed on the market.
Homes Pending in Essex County:
From January 1st to June 30th, there were 5,916 homes that went pending (contract accepted) up 2.2% compared to 5,790 within the same date range in 2018.
The Essex County market has been relatively consistent with the 2019 Mid-Year Report as sales are down and prices are up which goes to show buyers had to compete and offer over asking for homes. It’s been a seller’s market and as the summer progresses we are likely to see the pendulum swing into the buyer’s favor with more inventory and selection.