Drawing the summer months to a close, quarter 3 saw robust sales activity across the region. Bayonne, an independently impressive market, saw strong growth in property prices coupled with a decrease in the average days on market for 1-4 family homes. Downtown Jersey City, a hot topic over the past few quarters, continued to experience a surge in new listings coming to market. Despite this, the observed data affirms that well-priced, quality properties continue to move, however the market may take some time to process this influx in listings. For more insights and information on new changes and developments throughout each of the eight key Hudson County markets, download the Q3, 2018 market report, courtesy of Pure Properties.
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