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.
Sunday, January 30, 2011
Decreased Inventory Continues to Help Stablilize The Absorption Rate-Hoboken/Downtown Jersey City Absoroption Rate Update-Janaury 28, 2011
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:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
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