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 13, 2011
Hoboken Drops Sharply This Week-Hoboken/Downtown Jersey City Absorption Rate Update-May 13, 2011
The absorption rate dropped by an impressive 12.8% this week for Hoboken.
Downtown Jersey City increased 12.49% this week, but the downtown area always moves up and down each week.
Low inventory + high demand = higher prices
Overall, things are continue to look good for both areas.
Hoboken Absorption Rate Update May 13, 2011:
29.73 weeks vs. 33.87 weeks last week (12.8% decrease)
Downtown Jersey City Absorption Rate Update May 13, 2011:
47.11 weeks vs. 41.88 weeks last week (12.49% increase)
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
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