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 1/29/23. 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. The median days on market is relatively stable, with dips in a few categories as some homes move very quickly as a result of low inventory. Overall, inventory is low while prices remain stable and increasing in most categories.
Absorption rate (which measures how quickly inventory is moving) reflects the Hoboken Real Estate Market is a Seller’s market for Studio/1BR, 2BR and 3BR condos, and single family homes.
DOWNTOWN JERSEY CITY
Absorption rate: Downtown Jersey City Real Estate market is a Seller’s market for Studio/1BR and 2BR condos. Single Family are a neutral market, while 3BR condos and Multi Family homes are a Buyer’s market.
JERSEY CITY HEIGHTS
Absorption rate: Jersey City Heights market is a Seller’s market for Studio/1BR, 2BR, and 3BR Condos, and Multi Family (2+) homes.
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