The pace of sales for Hoboken and downtown Jersey City has been increasing since January as both markets start to rebound. A decreasing absorption rate is an indicator of a strong market.
This is further evidenced by pending sales which has steadily increased since the beginning of the year.
Total sales increased 44.44% to 65 properties in Hoboken and increased 42% to 71 units in downtown Jersey City.
The market is still strong at the moment, although we're starting to see some softness on the upper end of the market.
Kevin G. Dowd
Broker of Record
5 Marine View Plaza
Suite 310
Hoboken, New Jersey 07030
Mobile: 201.606.5957 | Office: 201.659.8600
Your Hudson County, New Jersey Referral Partner
Associate Broker
400 Garden City Plaza, Suite 438
Garden City, New York 11530
Mobile: 201.606.5957 | Office: 516.873.7100
Your Long Island, New York Referral Partner
Each office is independently owned and operated.
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