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Hoboken Market Update
Total sales in Hoboken increased 15.09% to 90 units, but are still 21.74% lower than the same time last year. The current pace of sales decreased 14.06% to 6.11 weeks. This is a very quick moving market.
1BR units reached $923.25/sq.ft. and we haven't seen pricing for 1BR condos this high since December, 2023.
Days on the market still remains extremely low at just 16 days.
Downtown Jersey City Market Update
Total transactions dropped by 16.92% to just 54 units, while the current pace of sales increased 21.45% to 18.46 weeks of inventory. These numbers indicate that downtown Jersey City is moving towards more of a neutral market.
3BR condos reached an all-time high of $1145.17/sq. ft., surpassing the record that was reached in June by just over 5%.
Have questions or thinking of making a move?
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