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 27, 2011
Hoboken Absorption Rate DROPS 11.2%-Hoboken/Downtown Jersey City Absorption Rate Update-May 27, 2011
The absorption rate dropped AGAIN for Hoboken by 11.2%. This is the lowest absorption rate that we've had in 17 MONTHS!
Downtown Jersey City increased by 4.4% this week, but isn't too bad at 46.96 weeks.
The summer sizzle is here!
Hoboken Absorption Rate Update May 27, 2011:
22.3 weeks vs. 25.1 weeks last week (11.2% decrease)
Downtown Jersey City Absorption Rate Update May 27, 2011:
46.96 weeks vs. 45.05 weeks last week (4.4% increase)
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
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