Providing The Latest and Most Up-to-Date Real Estate News for Hoboken and downtown Jersey City
My name is Kevin Dowd and welcome to my real estate blog. This blog is meant to educate local buyers and sellers in Hoboken, downtown Jersey City and the surrounding areas by providing up-to-date real estate sales statistics. Area-specific commentary is also provided that will provide you with a fresh perspective on the local real estate market.
Friday, August 19, 2011
The Slide Continues-Pending Sales Update-August 19, 2011
Pending sales dipped again this week for Hoboken and downtown Jersey City. I think that the dip is due partly to low inventories and partly to buyers waiting to see if the economy starts to rebound.
With mortgage rates at historic lows right now, you'd think that first time buyers that can weather out the rest of this storm would be buying at a faster pace.
Pending Sales for Hoboken August 19, 2011:
152 dabos vs. 156 last week (2.6% decrease)
Pending Sales for Downtown Jersey City August 19, 2011:
127 dabos vs. 135 last week (5.1% decrease)
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
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