HOBOKEN-The market performed well in August, with the availability of inventory dropping 12.82% to 5.44 weeks. This puts us in a strong seller's market.
Pending sales were only 93 units, down 3.13% from last month.
Pricing remains strong from Studio to 4BR units with 4BR units posting an especially strong $1081.66/sq.ft., up 22.26%.
DOWNTOWN JERSEY CITY-The market is a bit more neutral in downtown Jersey City with inventory down 18.50% to 17.66 weeks.
Pending sales were up 11.02% to 141 units.
Pricing remains strong in downtown Jersey City with 1BR-3BR units all averaging over $900/sq.ft. This is the first time this has ever happened.
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.