Friday, November 15, 2013

October, 2013 Real Estate StatsUpdate-Prices Continue to Increase

I have finally been able to add 2009 figures to my monthly updates to give an even broader picture of how the market has improved over the last four years.

October saw continued strength in both the Hoboken and downtown Jersey City markets.

The downtown market contracted even further in October with an absorption rate of just 9.375 weeks.  Hoboken increased to 12.6 weeks, which is still abnormally low.

The Hoboken two bedroom market posted an impressive 4.26% increase this month.

Information provided by:

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

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