2021 ended with a strong real estate market in Hudson County. Year over year sales were up 10%, median listed and average sales prices were up 6% and 7%, there were 20% fewer listings on the market, and homes spent less time on the market than they did compared with Q4 2020. Quarter over quarter numbers reflected the slower pace that typically comes with the holiday season: although median listed prices were up 1%, there was a 3% decrease in median sales prices, a 9% decrease in total sales, and a 3% increase in days on the market.
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Source: Figures in this report are based on publicly recorded data from the New Jersey Multiple Listing Service as well as proprietary data. Copyright 2021 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.
