Activity is picking up as shown by the increasing pending sales for Hoboken and Downtown Jersey City. I have definitely felt much more activity over the last several weeks as buyers now feel that we're at the bottom and prices will eventually rise.
Pending Sales for Hoboken February 4, 2011:
120 dabos vs. 117 last week (2.56% increase)
Pending Sales for Downtown Jersey City February 4, 2011:
101 dabos vs. 91 last week (10.99% increase)
Information provided by:
Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
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