Hoboken Market Update
Another solid month for Hoboken with total sales up 10.42% over April with 53 transactions, but we're still off 18.46% from this same time last year.
Pricing dipped 7.33% for Hoboken 1BR and 15.40% for Studios.
2BR pricing was up 10.72% and 3BR pricing was up 8.46%.
Downtown Jersey City Market Update
Total sales for Downtown Jersey City were up 30% over April with 65 sales.
Pricing increased 6.25% for 1BR pricing and 2BR and 3BR pricing dipped 4.33% and 22.43%, respectively.
Interesting to note that the average Days on Market (DOM) of 22 days is the lowest we've seen since July, 2022.
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