Sales in Hudson County started off slow in the first quarter. We saw a 10% decrease in sales compared to Q4 2021 and a 1% increase compared to the year before. This may be due to a number of factors including the increase in mortgage rates and extremely low inventory leading to bidding wars. Unfortunately, […]
The US economy ended strongly towards the end of the year, with a large gain of over $200,000 jobs. Because of this continuing job creation and record low unemployment rate, the housing market has continued to increase. The economic improvement has allowed home buyers to take advantage of lower mortgage interest rates and expansive inventory. […]
Sales were down 17% overall from Q2 2019, but down only 8% for the rolling year. Fortunately, this decline in sales did not have an effect on pricing, which was up about 6% overall. We can see an increase in pricing of almost 6% for single family homes, 5% for multi-family properties and 4% in condos/coops. Interest rates continue to […]
As the summer months come to an end, the 3rd quarter saw overall healthy sales activity across Hudson County with Bayonne as a standout performer. Sales revenue across the board this quarter mostly maintained with a very slight drop of less than 1%. Volume of transactions also followed a similar pattern with a decrease of […]
So you just moved to Hudson County or you’re a lucky one who has never had to ride a bus in your life, chances are you’ve seen the jitneys (mini buses) going around. If you’ve ever taken NJ Transit there’s a good chance a jitney driver has stopped for you along their same routes and […]
Hudson County real estate sales continue to grow. Sales revenue this quarter has strengthened, resulting in a 21% increase since Q1. Volume of transactions sold has increased by 23%, resulting in an overall stronger market. Average sale price and median sale price steadily rose 15% each, with inventory numbers showing an increase of 14%. With […]
Hudson County Real Estate sales and prices took a fall in the 4th Quarter of 2017. Fortunately, we saw an increase in volume in Q1 of 2018. Total sales volume increased by 4% compared to Q4 of last year. Hudson County also saw an overall increase in quantity sold by 4.6% and the medium sale […]
Comparing Q4 to Q3 of 2017, Hudson County real estate sales saw an overall reduction in inventory, quantity sold and volume sold. However, the underlying values increased. The 4th quarter saw an increase in average sales by 4.6%. The medium sale price also rose by 2.2%. What does this mean for you? With inventory shrinking this time […]
When comparing Q3 to Q2 of 2017, Hudson County real estate sales have continued to grow. The 3rd quarter quantity sold strengthened by 3% and volume was still strong, increasing by 22%. The average sale price went up 20% and the median sale price rose by 3%. We saw a decrease in active inventory by 1%. What does […]
When comparing Q1 to Q2 of 2017, Hudson County real estate sales have continued to grow. The 2nd quarter quantity sold continued to strengthen, rising by 20%. Volume was even stronger, increasing by 27%. The average sale price and median sale price both rose 9% while active inventory showed an increase of 10%. What does this […]
