Tuesday, February 25, 2014

January 2014 Stats Update-Hoboken/Downtown Jersey City

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.

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

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