Monday, July 14, 2014

June 2014 Real Estate Update-Inventory is Down, Pricing is Up

Inventories dipped again for June with the absorption rate dropping for both Hoboken and downtown Jersey City, while total sales increased for both Hoboken and downtown Jersey City.

Prices for 1 BR condos in Hoboken were up significantly, but this increase included some higher-priced luxury 1 bedroom units at Harborside Lofts.

2 BR condos in the Newport were also up significantly, but this was also inflated by several high-priced luxury condos.

Kevin Dowd
Broker Salesperson
Berkshire Hathaway HomeServices/Hudson River Properties
626 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957

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