NJ – Essex & Union Counties August Sales

Essex County  
Single Family Homes for August
Key Metrics        2019    2020     Change
New Listings        525      725     + 38.1%
Closed Sales       545      620      + 13.8%
DOM*                   48        39      – 18.8%
Median PX       $499K   $605K   + 21.2%
% of PX            100.4%  103.6%   + 3.2%
Inventory          1,815    1,117     – 38.4%
Months Supply    4.3       2.6      – 39.5%
*Days on Market

Union County
Single Family Homes for August
Key Metrics     2019    2020    Change
New Listings     532      645    + 21.2%
Closed Sales    485      553    + 14.0%
DOM*                50        44     – 12.0%
Median PX    $385K   $460K  + 19.5%
% PX Rec’d    99.3%  101.1%  + 0.8%
Inventory        1,689      977   – 42.2%
Month Supply    4.3       2.4   – 44.2%
*Days on Market