Hoboken and downtown Jersey City are both experiencing very low levels of inventory right now which is helping to keep pricing stable for the moment.
Hoboken Absorption Rate Update July 8, 2011:
21.83 weeks vs. 22.33 weeks last week (2.2% decrease)
Downtown Jersey City Absorption Rate Update July 8, 2011:
30.6 weeks vs. 30.44 weeks last week (.005% decrease)
Information provided by:
Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search listings:
www.viewhobokenhomes.com
Search downtown Jersey City listings:
www.alldowntownjerseycityhomes.com
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