HUDSON COUNTY WEEKLY REAL ESTATE MARKET REPORT

The Hudson County Weekly Real Estate Market Report has been updated for Hoboken, Downtown Jersey City, and Jersey City Heights to reflect MLS data through 6/12/23. 

TRENDS

Listings continue to move through the pipeline from Active to Pending to Sold, with new listings coming onto the market each week, though we’ve seen a slight decrease in new listings coming onto the market. Overall, inventory levels remain low while prices remain high.  

We’ve seen a slight uptick in absorption rate this week. Still, Hudson County market remains a strong seller’s market across the majority of neighborhoods and home categories.

HOBOKEN 

The table below reflects the Hoboken Real Estate Market remains a strong Seller’s market for the following categories: Studio/1BR, 2BR and 3BR condos, Single Family homes, with Multi-Family homes a neutral market threshold.

DOWNTOWN JERSEY CITY

Absorption rate: Downtown Jersey City is a seller’s market for the following home categories: Studio/1BR and Multi-Family homes. It is a neutral market for 2BR Condos and 1 Family homes. It is a buyer’s market for 3BR Condos.

JERSEY CITY HEIGHTS

Absorption rate: Jersey City Heights Real Estate market is a seller’s market for all home categories: 0/1BR condos, 2BR condos, 3BR condos, Single Family and Multi-Family homes.  

PROPERTY LISTINGS

For a full view of available listings, visit the Rakela Team search page.

The Rakela Team
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