Hoboken avaiable inventories continue to decrease this week with a 5.1% decrease in the absorption rate. Downtown Jersey City also remains strong this week with a meager .13% decrease.
Are these increases just a seasonal adjustment or signs of an improving real estate market?
Hoboken Absorption Rate Update 4/16/2010:
40.67 weeks vs. 42.84 weeks last week (5.1% decrease)
Downtown Jersey City Absorption Rate Update 4/16/2010:
60.84 weeks vs. 60.05 weeks last week (.13% increase)
Information provided by:
Kevin Dowd
Realtor
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search MLS listings for free at: www.hobokenjerseycity.com
Get up-to-the-minute market reports:
www.hobokenpropertyvalue.com
www.jerseycitypropertyvalues.com
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