Friday, October 15, 2010

Downward Spiral Continues for Pending Sales in Hoboken and Downtown Jersey City-October 15, 2010

Pending sales have slipped again this week for both Hoboken and Jersey City. I find this a bit odd that with a strong inventory and extremely low mortgage rates that more buyers are not snapping up some of the great deals out there right now.

Pending Sales for Hoboken October 15, 2010:

133 dabos vs. 138 last week (3.7% decrease)

Pending Sales for downtown Jersey City October 15, 2010:

94 dabos vs. 97 last week (3.1% decrease)

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957

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