Over the last 30 days, the Essex Village market had a decrease in home sales with six. Furthermore, the amount of pending transactions continued to decline, with a total of eight contracts during the same period. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. Potential buyers should note that prices are coming down in Essex Village, and for this period the median sales price slid from $319,000 to $292,000. A downturn in contracts, coupled with the availability of 12 months of inventory, prove that Essex Village is a definite buyer's market.