Welcome to 2018!
The market slowed a bit in January with absorption rates slipping 40.57% for Hoboken and a stunning 68.31% for downtown Jersey City.
The market moved incredibly fast in December, so even with the absorption rate increases we've seen in January, the market is still way below normal rates and is still in seller's market territory.
Pending sales remained strong for January which is a really good indicator of
future activity.
Let's see how we do in February.
Kevin G. Dowd
Broker/Salesperson
The Turoff Team
Keller Williams City Life Realty
100 Washington Street
Hoboken, New Jersey 07030
Mobile: 201-606-5957 | Office: 201-659-8600 x408
Search MLS Listings for free at kevindowdrealestate.com
Follow the latest real estate news at www.hobokenrealestatenews.com
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