Absorptions rates eased slightly for September as properties stayed on the market a little longer than previous months. The markets are still very tight, but an easing in inventory levels is welcome at this point.
Hoboken 1BR sales saw a strong 13.94% increase this month, while 3BR units saw a 27.47% decrease.
Downtown Jersey City 3BR sales saw a 29.19% increase bolstered by a strong 3BR sale at 77 Hudson.
There aren't as many 3BR sales in Hoboken and downtown Jersey City, so these prices fluctuate from month to month.
Please click on the link below for full details:
September 2015 Real Estate Update
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Berkshire Hathaway HomeServices
Hudson River Properties
626 Washington Street
Hoboken, NJ 07030
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