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, April 16, 2010
Hoboken/Downtown Jersey City Absorption Rate Update - April 16, 2010
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:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Search MLS listings for free at: www.hobokenjerseycity.com
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