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, October 22, 2010
Hoboken Flat...Downtown Jersey City Increases...Again-Hoboken/ Downtown Jersey City Absorption Rate Update-October 22, 2010
The absorption rate reminated flat for Hoboken this week which is the first time I can remember that happening.
Downtown Jersey City increased 7.7% which give additional support to conversations among my fellow realtors that things have slowed in downtown Jersey City right now.
Hoboken Absorption Rate Update October 22, 2010:
46.60 weeks vs. 46.60 weeks last week (no change)
Downtown Jersey City Absorption Rate Update October 22, 2010)
67.80 weeks vs. 62.93 weeks last week (7.7% increase)
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
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