Inventories are so incredibly low right now that it's becoming harder for buyers to find good inventory.
Pending Sales for Hoboken December 30, 2011:
117 dabos vs. 127 last week (7.9% decrease)
Pending Sales for Downtown Jersey City December 30, 2011:
97 dabos vs. 102 last week (5% decrease)
Why is this, the market must be great for the buyer causing low inventory.
Yes, inventory is down significantly in both Hoboken and downtown Jersey City.
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