Activity has been down, but so have active listings which is keeping the aborption rate in check.
The absorption rate measures the time it takes to sell of the current inventory of properties in a specific market. An active market has a rate between 24-32 weeks.
Hoboken Absorption Rate Update January 7, 2011:
34.56 weeks vs. 29.28 weeks last week (15.3% increase)
Downtown Jersey City Absorption Rate Update January 7, 2011:
57.02 weeks vs. 42.51 weeks last week (25.4% increase)
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
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 Hoboken listing updates:
www.viewhobokenhomes.com
Sign up for FREE Hudson County listing updates:
www.hudsoncountyhomesnow.com
No comments:
Post a Comment