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, July 30, 2010
Absorption Rate Up Sharply for Hoboken and Downtown Jersey City - July 30, 2010
The absorption rate increased by 36.42% this week to 41.87 weeks for Hoboken. Downtown Jersey City has increased by a larger than expected by 15.1% to 50.46 weeks.
I've talked with a few agents who have commented that they've been slow over the last few months. Now it seems like the data might be supporting their claims.
Hoboken Absorption Rate Update 7/30/2010:
41.87 weeks vs. 30.69 weeks last week (36.42% increase)
Downtown Jersey City Absorption Rate Update 7/30/2010:
50.46 weeks vs. 43.84 weeks last week (15.1% increase)
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Search up for FREE local school reports and more at: www.hobokenjerseycity.com
Sign up for FREE market condition reports at:
Sign up for FREE listing updates:
Subscribe to: Post Comments (Atom)
Post a Comment