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, January 21, 2011
Hoboken/Downtown Jersey City Absorption Rate Update-January 21, 2010
Activity has been very steady in Hoboken which is supported by the low absorption rate for this week.
Downtown Jersey City is down another 13.6% for this week which is still making it a bit of a wild ride.
Hoboken Absorption Rate Update January 21, 2011:
43.67 weeks vs. 30.5 weeks last week (30.2% increase)
Downtown Jersey City Absorption Rate Update January 21, 2011:
72.44 weeks vs. 64.78 weeks last week (10.6% decrease)
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
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