Essex County Q3 housing market: on track for new record

· by · in

The median price of a Single Family Home (SFH) in the 34 cities and towns of Essex County rose 4% to $420,000 in the third quarter and was also up 4% to $410,000 for the first three quarters. The market is clearly on track to break the 2005 peak of $394,400.

Sales were also up 4% for the first three quarters, but that included a drop of 8% in Q3, reflecting a more than 20% drop in the number of houses for sale. (more…)