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 […]
“Hold on, you moved where?” My friends and my family could not believe it when I told them I was moving to New Jersey. New Yorkers are proud bunch and it’s easy to see why; after all, nothing compares to New York City, but New Jersey is often underestimated: for one, the housing is cheaper—even […]
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 […]
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 […]
