For me, this is one of the strongest indicators that the market is recovering. More properties under contract means more people are feeling comfortable enough with the economy to purchase a home.
Pending Sales for Hoboken May 14, 2010:
249 dabos vs. 241 last week (3.3% increase)
Pending Sales for downtown Jersey City May 14, 2010:
134 dabos vs. 133 last week (.75% 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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