Essex County Real Estate Market Extends Downward Trend in Contracts

Over the last 30 days, the Essex County market had a decrease in home sales with 10. Furthermore, the amount of pending transactions continued to decline, with a total of seven contracts during the same period. While contracts numbers fell, prices dropped as well. This week's reported median sales price of $191,000 continued a four-week downward trend. Essex County is a definite buyer's market, due to a downward trend in contracts numbers and prices, and eight months of inventory remaining.

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Demographic facts for Essex County:

  • The population density is 43.4 people per square mile.
  • The area's lifestyle rating is 53. (Scale: 1 = Worst, 100 = Best)
  • The breakdown of residents commuting to work is 77.2% by car, 13.3% by carpool, and 1.3% by public transit.

Data reported through 10/12/2016

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