It was brought to my attention by one of my readers that my calculations for the Hoboken and downtown Jersey City absorption rates were incorrect. I've made changes to my last post fo reflect this.
Hoboken Absorption Rate 10/9/09:
37.36 weeks (up .01%)
Downton Jersey City Aborption Rate 10/9/09:
48.27 weeks (down .008%)
We won't see big changes week to week, but we'll start to see the bigger picture as time goes on.
Providing The Latest and Most Up-to-Date Real Estate News for Hoboken and Jersey City
My name is Kevin Dowd and welcome to my real estate blog.
This blog is meant to educate local buyers and sellers in Hoboken, Jersey City and the surrounding areas by providing weekly sales statistics such as average price per square foot for sold condos, pending weekly sales (DABOs) and absorption rate updates (which measures the current unsold inventory). Area-specific commentary is also provided that will provide you with a fresh perspective on the local real estate market.

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