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 11/13/23.
Listings continue to move through the pipeline from Active to Pending to Sold, with new listings coming onto the market each week in most home categories. Outside of Hoboken, we are starting to see a subtle shift in some neighborhoods toward a neutral market away from the very strong sellers market. Yet overall, Hudson County remains a seller’s market. Inventory levels remain low and prices remain high.
The table below reflects the Hoboken Real Estate Market remains a strong seller’s market for the following home categories: Studio/1BR, 2BR, and Multi-Family homes. Single Family homes are a neutral market and 3BR condos are a buyer’s market.
DOWNTOWN JERSEY CITY
Absorption rate: In Downtown Jersey City, Multi-Family homes are a seller’s market. Studio/1BR, 2BR condos, and Multi-Family homes are a buyer’s market. 3BR condos and Multi Family homes are a seller’s market.
JERSEY CITY HEIGHTS
Absorption rate: Jersey City Heights Real Estate market is a seller’s market for the following home categories: Studio/1BR condos, Single and Multi-family homes. 2BR and 3BR condos are a buyer’s market.
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