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 9, 2010
The Market is HEATING UP! Hoboken/Downtown Jersey City Absorption Rate Update - April 9, 2010
Decreasing inventories with increasing demand = HIGHER PRICES!
Hoboken Absorption Rate Update 4/09/2010:
42.84 weeks vs. 53.19 weeks last week (19.5% decrease)
Downtown Jersey City Absorption Rate Update 4/09/2010:
60.05 weeks vs. 63.43 weeks last week (5.3% decrease)
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Search MLS listings for free at: www.hobokenjerseycity.com
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