Inventory in Essex County expanded in September, with active listings up sharply from recent months and now about one-fifth higher than a year ago, outpacing the statewide increase of roughly 18 percent. New listings also jumped more than 30 percent month over month, and homes sold climbed over 7 percent, even as pending sales dipped nearly 5 percent compared with last year.
Pricing has been relatively steady amid this fuller pipeline of homes. The typical home value in Essex County is around $701,000, only slightly above last year, while the median list price has risen more notably, up nearly 6 percent year over year and more than 4 percent from August.
Market pace shows subtle signs of easing but still leans toward sellers, with a median 26 days on market and about 2.4 months of supply compared with 2.8 months across Massachusetts. Fewer properties are commanding bidding wars than earlier in the year, as the share selling above list has slipped from midsummer peaks to just over 40 percent, and the average sale-to-list ratio is now close to 100 percent, so both buyers and sellers can benefit from an Agent Pronto–recommended agent who understands how to navigate these conditions.
