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, June 24, 2011
Absorption Rate Update-June 24, 2011
The see saw ride continues on downtown Jersey City this week with the absroption rate dropping by 30.8% this week. Buyers are picking all of the great deals!
Hoboken was essentially flat this week and still doing well.
Hoboken Absorption Rate Update May June 24, 2011:
22.85 weeks vs. 22.79 weeks last week (.0027% increase)
Downtown Jersey City Absorption Rate Update June 24, 2011:
39.98 weeks vs. 57.71 weeks last week (30.8% decrease)
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
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