Skeptics aside, the Jersey City real estate market is still strong despite low inventory and a reduction in sales volume. There is an average 5.37% increase in sold prices from January to June this year compared to the same time in 2021 with Journal Square showing the most gain at 14.06% followed by West Bergen at 10.77%.
The average days on the market also decreased by an overall 29.05% throughout Jersey City in the period January to June 2022 with Jersey City downtown and West Bergen recording the most significant reductions.
Need to know more about Jersey City real estate? Contact Janice Hall 201.232.8577
