Essex and Union Counties New Jersey

Essex County  
Single Family Homes for October
Key Metrics        2019    2020     Change
New Listings        653      706     + 8.1%
Closed Sales       398      590      + 48.2%
DOM*                   55        36      – 34.5%
Median PX       $402K   $549K    + 36.6%
% of PX            100.5%  104.9%  + 4.4%
Inventory          1,861    1,076       – 42.2%
Months Supply    4.4       2.3        – 47.7%
*Days on Market

Union County
Single Family Homes for October
Key Metrics     2019    2020    Change
New Listings     578      665    + 15.1%
Closed Sales    445      507    + 13.9%
DOM*                55        37    –  32.7%
Median PX    $361K   $469K  + 29.9%
% PX Rec’d    99.0%  100.8%  + 1.8%
Inventory        1,661      957    – 42.4%
Month Supply    4.1       2.2    – 46.3%
*Days on Market