Properties moved at a very fast clip in June with the absorption rate dropping to 7.10 weeks for Hoboken and 9.14 weeks for downtown Jersey City. We haven't seen properties move this fast since December 2016.
Total transactions surged 45.95% for Hoboken and downtown Jersey City increased 6.67%.
Newport area 3BR condos reached a record-high average price of $913.58/sq. ft. as demand continues for families looking for stay in the area.Click here for the June 2017 Stats Update
Thinking of buying or selling?
If you have a condo or brownstone and are curious about your home's value...call me TODAY for an over-the-phone market analysis!
Have a great day.
Berkshire Hathaway HomeServices
Hudson River Properties
626 Washington Street
Hoboken, NJ 07030
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