The absorption rates dropped for Hoboken and downtown Jersey City for December which is positive sign that the market's strength is continuing.
There was a 32% increase in closed sales in Hoboken for December as buyers tried to close in 2016 to get any available tax write offs.
Overall, the market ended the year on a positive note.
I will be compiling the 2016 yearly figures shortly.
Click here for all of the December stats:
DECEMBER 2016 REAL ESTATE UPDATE
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If you have a condo or townhouse and are curious about your home's value...call me TODAY for an over-the-phone market analysis!
Give me 90 days and I'll sell your home.
Berkshire Hathaway HomeServices
Hudson River Properties
626 Washington Street
Hoboken, NJ 07030
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