March Condo Market Update - Jersey City / Hoboken

Real Estate Agent with Keller Williams City Life Realty 1650196

Unlike most of the country, Hudson County NJ has not been a white hot seller's market throughout the pandemic. The weakened demand to be in New York City has trickled over to us across the river. Things are picking up, though. According to market report, in March, condo inventory in both Hoboken and Jersey City was down and the pace of sales increased. The absorption rate was sharply lower in Jersey City and slightly lower in Hoboken. Condos in Jersey City even commanded 100% of the asking price on average.

So, although our market is not on fire. Things are certainly heating up!

Comments (2)

Richard Weeks
Dallas, TX

Great information, thanks for sharing.Ā  I hope you have a great day.

Apr 15, 2021 01:19 AM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Thanks for sharing your New Jersey condo market update with us. Buyers & sellers in your area would benefit from your services. Have a great day!

Apr 15, 2021 02:00 PM