
Inventories are very LOW this week again for Hoboken and downtown Jersey City which is helping to keep the absorption rates very low for both areas.
There's not a lot of good inventory on the market right now...so it's a perfect time to list your property!
Hoboken Absorption Rate Update January 28, 2011:
38.7 weeks vs. 43.67 weeks last week (11.38% decrease)
Downtown Jersey City Absorption Rate Update January 28, 2011:
63.78 weeks vs. 72.44 weeks last week (11.96% decrease)
Information provided by:
Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
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