Q2 2018 Market Brief

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July 17, 2018

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 these positive numbers, we can expect growth all-around into Q3.

What does this mean for you, thoug?

Sellers – take into account the rise of interest rates and increase in inventory we are experiencing. If you have considered selling, list today before these market changes work against you.

Buyers – take advantage of the increase in inventory and purchase a home before the interest rates rise even more!

Stay up to date with the Hudson County real estate market with our market brief.

For additional details or a market analysis of your home, please contact us at christine@vuerealtygroup.com and kathleen@vuerealtygroup.com.

It’s important to know what your home is worth.

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