Is the Jersey City downtown condo market stabilizing? There is minimal increase in condos sold October 2015 – September 2016 compared to the same period 2014 – 2015. 778 condos closed in 2015/2016 compared to 769 a year earlier.
The month of September 2016 saw a 21.13% decline in condos sold in the downtown area over September 2015. Limited inventory and uncertainty during an election year are among the reasons for the Jersey City downtown condo market performance at this time.
If you’d like to know the value of your Jersey City downtown home call me Janice Hall at 201 232 8577 or email: janiceNJrealtor@gmail.com.
