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:

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

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