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June 2023 Market Update

June 2023 Market Update

We wanted to share June’s real estate market report for Hoboken and Jersey City as we just compiled the data. Inventory is down, yet pricing continues to go up. Even with rates above what is considered a normal rate environment, buyers are still out there looking to get into a home because they understand that pricing will stay consistent. We should continue to see this type of a housing market until rates come down another 1-1.5% and inflation starts to taper off. We anticipate that happening sometime in 2024.

We also have our Quarterly Reports and you can find them here on this page.

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