Essex County Q1 2024 Market Summary

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The median price of the SFHs sold in the 34 cities and towns in Essex County in Q1 was well ahead of last year’s Q1- but lower than those for the other 3 Quarters of 2023. Sales were steady, but Q1 is usually the lowest of the year and, therefore, the median price is not necessarily an indicator of where median prices will end for the whole year.
The median price of the Condos sold showed a similar pattern, while sales dropped further.

The median Price per Sq.Ft. can fluctuate Quarter to Quarter. Sales continued at a brisk pace, reflecting both the shortage of supply and the continuing demand.

(DTO- Days To Offer – the number of before an accepted offer is received.)

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Andrew.Oliver @Compass.com

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Licensed with Stuart St. James in Massachusetts
Licensed with Compass in Florida