The absorption rate for Hoboken and downtown Jersey increased slightly for January, but believe me, it seems that properties are selling just as fast as ever.
Pending sales saw increases in both Hoboken and downtown Jersey City as buyers jump back into the market after the holiday season.
Pricing overall has remained consistent. There were a few jumps in pricing, especially in 3BR sales in the downtown area. This was caused by a few large sales that skewed the numbers a bit this month.
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Search Hoboken listings:
Search downtown Jersey City listings:
Follow me on Twitter: www.twitter.com/KevinDowdHBJC