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 6, 2011
Hoboken/Downtown Jersey City Absorption Rate Update-May 6, 2011
The absorption rates for Hoboken and downtown Jersey City had normal fluctuations this week. Hoboken was basically flat with a .01% increase and downtown Jersey City reversed its 4.6% decrease last week with a 4.6% increase this week.
Overall, things are continue to look good for both areas.
Hoboken Absorption Rate Update May 6, 2011:
33.87 weeks vs. 33.47 weeks last week (.01% increase)
Downtown Jersey City Absorption Rate Update May 6, 2011:
41.88 weeks vs. 40.02 weeks last week (4.6% increase)
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
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