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, April 8, 2011
Absorption Rate Drops Again This Week!-Hoboken/Downtown Jersey City Pending Sales Update-April 8, 2011
There were decreases again in both Hoboken and downtown Jersey City this week. With supply decreasing and demand increasing, pricing will start to increase.
Hoboken Absorption Rate Update April 8, 2011:
34.25 weeks vs. 36.01 weeks last week (4.9% decrease)
Downtown Jersey City Absorption Rate Update April 8, 2011:
45.33 weeks vs. 46.99 weeks last week (3.5% decrease)
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
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