Coming off a historic quarter from Q1 2017, Downtown Jersey City has been dethroned by neighboring heavyweight, Hoboken. With an impressive 28% quarterly increase in median sales prices for 1-4 family homes, Hoboken has regained the title for most expensive single-family residences in southern Hudson County. Outside of Hoboken and Downtown Jersey City, the Heights has experienced unparalleled growth, resulting in a milestone quarter for the region. With positive year-on-year growth across the board and favorable results across the county as whole, Q2 of 2017 has proven to be promising. Will Downtown Jersey City and Hoboken continue to oscillate? Will consistent upticks throughout the county push a seller’s market further? Download the Q2, 2017 market report, courtesy of Pure Properties, to get the latest insight on all eight key Hudson County markets.
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