Real Estate
Hoboken Is a Hit With NYC-Area Homebuyers Shut Out of Suburbs
- In supply-crunched New Jersey, urban Hudson County has options
- Big backyards give way to short commutes, low-stress searches
Early in the pandemic, it wasn’t easy selling homes in Hoboken. Now the county that includes the packed city across the Hudson River from Manhattan is beating every other part of New Jersey.
This year through mid-September, purchase contracts in Hudson County -- also home to Weehawken and Jersey City -- jumped 35% from the same period in 2020, according to data from Otteau Valuation Group. Deals statewide were up just 1%, a slowdown driven by sky-high pricing for limited inventory.