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, May 20, 2011
Absorption Rates DROP Again This Week-Downtown Jersey City/Hoboken Absorption Rate Update-May 20, 2011
The absorption rate dropped AGAIN for Hoboken by 15.6%. This mean inventories are getting LOW! Good times!
Downtown Jersey City also dropped by 4.4% this week-good job!
Hoboken Absorption Rate Update May 20, 2011:
25.1 weeks vs. 29.73 weeks last week (15.6% decrease)
Downtown Jersey City Absorption Rate Update May 20, 2011:
45.05 weeks vs. 47.11 weeks last week (4.4% decrease)
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
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