2011 Market Statisitcs for Multifamily Home in Essex County - Unit Sales down but Price is UP!

The 2011 Multifamily Housing Market ended the year with a mix of ups and downs.  From my personal experience I would have thought the Multifamily Housing Market would have ended the year flat or slightly up in terms of the number of units sold and the pricing to end the year would have been down slightly. Just the opposite happened in 2011.  Unit sales ended the year down nearly 19% from the previous year and Pricing ended the year up 10.5% to an adjusted median price of $215,000.