Marketwide Q2 sales showed four key indicators that much of Hudson County is experiencing a seller’s market: average and median sales prices, as well as median list prices countywide, are up year over year and quarter over quarter. Days on market has decreased across the majority of Hudson County, with homes selling more quickly in Q2 2020 than in Q1 2020 or Q2 2019. Nevertheless, due to COVID-19, the number of sales and new listings in Q2 were down as expected. Please read on for details about prices, sales, and days on market for each city within Hudson County.
For Hudson County’s city by city breakdown, a deeper look at Jersey City, year over year comparisons, and quarter over quarter comparisons:
Source: Figures in this report are based on publicly recorded data from the New Jersey Multiple Listing Service as well as proprietary data. Copyright 2020 Triplemint. Equal Housing Opportunity. All material presented herein is intended for informational purposes only. The sources are deemed to be reliable and the information is believed to be accurate, however the material is subject to errors, omissions, changes, or withdrawal without notice. All measurements and square footage are approximations. No statement is made as to the accuracy of any description.