Sunday, March 13, 2011

What a difference a week makes! Hoboken/Downtown Jersey City Absorption Rate Update-March 11, 2011




What a difference a week makes. As the market is starting to heat up inventory is coming off the market at a faster pace and is helping drive down the absorption rates.

I can't say this enough...the market is heating up and now is the time to buy!

Hoboken Absorption Rate Update March 11, 2011:

41.43 weeks vs. 42.47 weeks last week (2.56% decrease)

Downtown Jersey City Absorption Rate Update March 11, 2011:

62.45 weeks vs. 75.27 weeks last week (18.1% 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

Search listings:
www.viewhobokenhomes.com

Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com

No comments: