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, January 8, 2010
Hoboken/Downtown Jersey City Absorption Rate Update 1/8/2010
Inventories stabilized this week while sales dropped again due to the holiday season. We should see these rates start to drop again over the next several weeks.
Hoboken Absorption Rate Update 1/8/2010:
32.55 weeks vs. 29.10 weeks last week (11.9% increase)
Downtown Jersey City Absorption Rate Update 1/8/2010:
52.16 weeks vs. 47.22 weeks last week (10.46% increase)
Prudential Castle Point Realty
203 Washington Street
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