I am happy to report that I have recently joined The Turoff Team at Keller Williams City Life Realty. The Turoff Team has experienced explosive growth over the since joining Keller Williams in 2016 and I'm excited to be a part of this amazing team.
Now, back to my update for August...
A lot of agents have been saying that the market has been slowing down over the last few weeks, but I don't see it in my data.
The absorption rates for Hoboken and downtown Jersey City both saw double digit drops in August, while total closed sales were both up slightly.
6 out of the 10 market segments I cover (1BR Hoboken, 2BR Hoboken, 3BR Hoboken, 1 BR Downtown JC, etc.) showed positive growth from last month.
All segments except for 2BR Downtown condos have shown positive growth when compared to August 2016 as well.
Let me know what you're seeing out there.
Have a great day.
Kevin G. Dowd
The Turoff Team