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 29, 2011
Absorption Rate Update-Looking Good-Hoboken/Downtown Jersey City Absorption Rate Update-April 29, 2011
There was a slight increase in the absorption rate for Hoboken this week, which doesn't really mean anything.
Downtown Jersey City dropped again this week down to 40.02 weeks.
These are both great rates and continue to show that the market is strengthening.
Hoboken Absorption Rate Update April 29, 2011:
33.47 weeks vs. 32.93 weeks last week (1.02% increase)
Downtown Jersey City Absorption Rate Update April 29, 2011:
40.02 weeks vs. 41.87 weeks last week (4.6% decrease)
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
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