Walter Burns
As we continue to navigate the ongoing global health crisis, many Hudson County buyers and sellers are curious about the state of the market. Believe it or not, Northern New Jersey is still a highly competitive region for condo sales—and we’re still seeing a high volume of pending transactions.
April by the Numbers
Want to learn how many condos went under contract last month? Despite current stay-at-home orders, our numbers remained strong throughout April—and we’ve rounded up all the stats that you need to know.
Condos are still going under contract
Although many potential buyers and sellers are worried about the state of the market, we still saw over 160 pending condo sales during April. This is great news for anyone that’s eager to make a move.
Although the market as a whole remains strong, certain areas in Hudson County saw more activity than others. Hoboken alone had 23 condos go under contract, followed closely by North Bergen with 16 condos. Other popular areas include Bayonne, Union City, and Jersey City Heights.
Home prices also remained steady throughout April. The average asking price for all pending condos was around $539,392, while the highest price was a whopping $2,695,000.
For a complete summary of April’s pending condo sales, feel free to check out our in-depth report or give us a call for more information.
What do these numbers mean?
When it comes to understanding the current state of Hudson County’s market, seeing truly is believing. Although sales have slowed down due to the impacts of COVID-19, it’s still possible to sell quickly and get a fantastic price for your condo. And if you’re thinking about buying, plenty of inventory remains on the market.
Take Your Next Steps
If you’re getting ready to buy or sell your condo, the Living on the Hudson Team is here to help you navigate every step of the process. Our data-driven strategies give our clients a competitive edge in Northern New Jersey’s hot market, and we always have your best interests in mind. When you’re ready to get started, just contact us at any time via phone, text, or email.
Do you have additional questions about real estate in Hudson County? Be sure to check out our other blog posts on the area’s top listings and market stats.