$157K  
The Essex County market closed in on its 12-month sales average this week as sales climbed 80.0% to reach nine homes sold over the last 30 days. In comparison, nearby Charles County had 244 sales in the same time frame, the most of all neighboring counties. Prices are falling in Essex County, and this period the median price of all sales fell from $238,500 to $149,900. Despite the uptick in sales, there are still 15 months of inventory left to work through, meaning Essex County is still a strong buyer's market.
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$859K  
The number of sellers reducing prices in the Essex County market trended up to 18 over the last 30 days, extending a six-week streak. During the same period, five sales were completed. While price reduction numbers rose, sale prices climbed as well. This week's reported median sales price of $238,500 continued a four-week upswing. Essex County is a definite buyer's market, due to a big 26 months of inventory left and aided by the dip in sales.
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The population of Essex County is growing faster than the rest of Virginia, at a 10-year growth rate of 11.6%. It's a small county compared to the rest of the state, with 11,151 residents. 22560, 22454, and 23148 are its three most populated zip codes. Essex County is made up of homes that are relatively old with a median of 32 years. Heading the list of top schools in the county is Essex High School.
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$198K  
The Essex County market pulled back with a 10.0% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (8.6) with nine homes sold. In comparison, nearby Charles County had 231 sales in the same time frame, the most of all neighboring counties. The median sales price rose to $174,000, up from last week's $161,750. With decreasing sales and the availability of 12 months of inventory, Essex County is a definite buyer's market.
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$199K  
The number of price cuts in the Essex County market climbed to 18 over the last 30 days, furthering a recent positive trend. Despite drops in list prices, sales also decreased to 12 homes sold. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. Potential buyers should note that prices went up in Essex County, with the median for this period rising from $148,000 to $148,750. With decreasing sales and the availability of eight months of inventory, Essex County is a definite buyer's market.
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$548K  
The number of home sales in the Essex County market jumped 36.4% to 15 homes over the last 30 days. In comparison, nearby Charles County had 210 sales in the same time frame, the most of all neighboring counties. The median sales price of all transactions in Essex County did not budge this week, remaining at $148,000.
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$549K  
The Essex County market slowed with an 8.3% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (8.2) with 11 homes sold. On the other hand, close-by Charles County registered 203 home sales in the same period, the most of all surrounding counties. The median sales price dropped to $148,000 over the latest reporting period for Essex County, down from $148,500. Along with the slip in sales, a relatively high eight months of inventory indicates that Essex County is a definite buyer's market.
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$235K  
Essex County has a younger population than other areas in Virginia with a median age of 43 years. It is also somewhat affluent with a median income of $49,404 per household. 22560, 22454, and 23148 are the three largest zip codes in terms of population. Detached homes account for 89% of the area's current housing market. Heading the list of top schools in the county is Essex High School.
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$399K  
The number of home sales in the Essex County market shot up 37.5% to 11 homes over the last 30 days, exceeding the 8.1 monthly average for the last 12 months. To put it in perspective, close-by Charles County registered 202 home sales in the same period, the most of all surrounding counties. Potential buyers should note that prices are coming down in Essex County, and for this period the median sales price slid from $153,500 to $148,000. Essex County is still a solid buyer's market, due to the availability of eight months of remaining inventory, even after the uptick in sales.
Comments:

$235K  
The Essex County market will be more selective in the short term. Sales have fallen this week to five homes sold over the last 30 days, and there is also an established upward trend of new listings, with 27 going live in the same time frame. All indications show that the trend may be coming to an end, meaning less new listings over the next few weeks. Potential buyers should note that prices went up in Essex County, with the median for this period rising from $152,000 to $199,000. Essex County is a solid buyer's market, due to a big 17 months of inventory left and aided by the dip in sales.
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