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 27, 2009
Hoboken/Downtown Jersey City Absorption Rate Update 11/27/09
Hoboken inventory decreased by a modest 1.23% as sales activity continues to increase. Downtown Jersey City saw a strong decrease of 20.18%. Many times a decrease of this size is caused by a new building closing a numbers of properties all at the same time. However, this was not the case this week. It's simply a matter of inventory decreasing and sales continuing to rise.
Hoboken Absorption Rate Update 11/27/09:
34.54 weeks vs. 34.97 weeks last week (1.23% decrease)
Downtown Jersey City Absorption Rate Update 11/27/09:
37.46 weeks vs. 46.93 weeks last week (20.18% decrease)
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Search MLS listings for free at: www.hobokenjersey.com
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