Providing The Latest and Most Up-to-Date Real Estate News for Hoboken and downtown 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, downtown Jersey City and the surrounding areas by providing up-to-date real estate sales statistics. Area-specific commentary is also provided that will provide you with a fresh perspective on the local real estate market.
Friday, November 20, 2009
Hoboken/Downtown Jersey City Absorption Rate Update 11/20/09
We've had moderate changes this week to the absoroption rates for Hoboken and downtown Jersey City. Now that we are nearing the end of November, we'll be able to create a montly total for both areas and we'll be able to see how those figures compare with October's average for Hoboken and downtown Jersey City of 35.03 weeks and 46.62 weeks, respectively.
Hoboken Absorption Rate Update 11/20/09:
34.97 weeks vs. 32.87 weeks last week (6.1% decrease)
Downtown Jersey City Absorption Rate Update 11/20/09:
46.93 weeks vs. 45.60 weeks last week (2.9% increase)
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Search MLS listings for free at: www.hobokenjersey.com
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