WEEKLY MARKET REPORT: Hoboken, Downtown JC and JC Heights

The Weekly Market Report has been updated below for Hoboken, Downtown Jersey City, and Jersey City Heights to reflect data through 1/22/23. Listings continue to move from Active to Pending to Sold.

Absorption rate (which measures how quickly inventory is moving) reflects the Hoboken market is a Seller’s market for Studio/1BR, 2BR and 3BR condos, and 1 family homes.

Absorption rate: Downtown Jersey City market is a Seller’s market for Single Family, Studio/1BR, 2BR and 3BR Condos, while Multi Family (2+) homes are a Buyer’s market.

Absorption rate: JC Heights market is a Seller’s market for Studio/1BR, 3BR Condos, and Multi Family (2+) homes, while 2BR Condos and Single Family homes are a Buyer’s Market.

The Rakela Team
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