Sorry to sound like a broken record....BUT
The best way to tell if a market is strengthening is too look at the pending sales (DABOs). This is a great indicator of a market's strength. Hoboken and downtown Jersey City have increased AGAIN this week! Time to jump back into the market!
Pending Sales for Hoboken April 9, 2010:
208 dabos vs. 201 last week (3.4% increase)
Pending Sales for downtown Jersey City April 9, 2010:
116 dabos vs. 105 last week (10.46% increase)
Information provided by:
Kevin Dowd
Realtor
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search MLS listings for free at: www.hobokenjerseycity.com
Has the market stabilized?
Get up-to-the-minute market reports:
www.hobokenpropertyvalue.com
www.jerseycitypropertyvalues.com
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