Friday, November 21, 2014
Median Home Sale Prices are Up, Number of Homes to Choose From Still Declining
Real estate sales in Essex County were strong in the 2nd quarter of 2014, with median prices up 1.9% over last year. The number of closed sales is down, but that's a reflection of the drop in inventory from 2013 - ie: the number of homes on the market for buyers to choose from.
Until there are more sellers taking advantage of this great selling market, the number of sales will continue to suffer.
The Median sale price is up more than $100,000 over the 1st quarter of 2009.
Click Graphic to Enlarge