Inventories decreased this week for Hoboken and Downtown Jersey City. With inventories at reasonable levels and mortgage rates at historic lows it will be interesting to see if this trend continues once the effects of the tax credit has passed.
Hoboken Absorption Rate Update 6/25/2010:
23.44 weeks vs. 25.24 weeks last week (7.2% decrease)
Downtown Jersey City Absorption Rate Update 6/25/2010:
43.13 weeks vs. 46.88 weeks last week (8% decrease)
Information provided by:
Kevin Dowd
Broker/Associate
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search up for FREE local school reports and more at: www.hobokenjerseycity.com
Sign up for FREE market condition reports at:
www.hobokenpropertyvalue.com
www.jerseycitypropertyvalues.com
Sign up for FREE listing updates:
www.hudsoncountypropertiesnow.com
No comments:
Post a Comment