Today, we are here to go over the latest market statistics and compare August 2015 to the numbers from this August. First of all, last August, we had 8,000 home sales. That number includes single-family homes, multi-family homes, and condos in Essex County. This year, we have had about 1,000 more home sales, with 9,100 more homes sold as of August 2016. Home prices have gone up as well. The median sales price for single-family homes went up from $379,000 to $392,000; a 3.4% increase. Some areas have seen really big jumps in terms of price. For instance, Hamilton is up by 16%, a $64,000 increase. Danvers is up by 11.7%, or $43,000, and Beverly is up $25,000 from $390,000 to $415,000. “Home prices and home sales are up overall.”Overall, home prices are up across the board, but there are a few outliers. For example, Middleton is down by 10% after a $64,000 drop from $650,000 to $585,000. Still, prices are generally going up, even as the market starts to soften a bit as we get into fall. If you are curious about the market trends in your specific town, give me a call or send me an email. I would be happy to help you!