Friday, September 13, 2024

August Real Estate Update | Downtown JC Hits New Record!

  


HOBOKEN-The market performed well in August, with the availability of inventory dropping 12.82% to 5.44 weeks. This puts us in a strong seller's market.

Pending sales were only 93 units, down 3.13% from last month.

Pricing remains strong from Studio to 4BR units with 4BR units posting an especially strong $1081.66/sq.ft., up 22.26%.

DOWNTOWN JERSEY CITY-The market is a bit more neutral in downtown Jersey City with inventory down 18.50% to 17.66 weeks.

Pending sales were up 11.02% to 141 units.

Pricing remains strong in downtown Jersey City with 1BR-3BR units all averaging over $900/sq.ft. This is the first time this has ever happened.




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.









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