It's been a solid start to 2024, but there are some slowdowns taking place, especially in downtown Jersey City.
Hoboken
The big news for January is that the pace of sales was up 82.88% to 8.12 weeks. Still firmly in seller's market territory, but a big jump nonetheless.
Downtown Jersey City
The big news for January is that the pace of sales increased 41.08% to 24.76 weeks. Still in seller's market territory, but getting closer to becoming a buyer's market, which would happen at 32 weeks.
This lingering inventory has helped ease up demand and in turn caused 1BR and 2BR prices to drop this month.
Kevin G. Dowd
Broker of Record
5 Marine View Plaza
Suite 310
Hoboken, New Jersey 07030
Mobile: 201.606.5957 | Office: 201.659.8600
Your Hudson County, New Jersey Referral Partner
Associate Broker
400 Garden City Plaza, Suite 438
Garden City, New York 11530
Mobile: 201.606.5957 | Office: 516.873.7100
Your Long Island, New York Referral Partner
Each office is independently owned and operated.
