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2018 End of Year Market Report:
Hoboken / Downtown Jersey City
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Hoboken:
Inventory continued to outpace demand. December brought 232 Active Listings, an increase of 76% versus last December. At the same time, contract sales dropped to 40, a decrease of 23% versus last December.
At the current rate it would take 6 months for the market to absorb the inventory putting us in a buyers marker.
Seller vs Buyer Ratio
The amount of sellers versus buyers in the market place.
December 2017
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December 2018
Downtown Jersey City:
Inventory continued to strongly outpace demand in Downtown Jersey City. December brought 294 Active Listings, an increase of 145% versus last December. At the same time, contract sales dipped to 28, a decrease of 26% versus last December. At the current rate it would take 11 months for the market to absorb the inventory putting us in a strong buyers marker.
Seller vs Buyer Ratio
The amount of sellers versus buyers in the market place.
December 2017
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December 2018
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Disclaimer: All information provided is deemed reliable, but is not guaranteed and should be independently verified.