Sunday, July 17, 2011
Inventories Dip AGAIN for Hoboken and Downtown Jersey City-Hoboken/Downtown Jersey City Absorption Rate Update-July 15, 2011
Inventories have dipped again this week to levels that we haven't seen in both Hoboken and downtown Jersey City in well over 18 months.
Properties are started to sell again, but only if they're priced correctly.
Hoboken Absorption Rate Update July 15, 2011:
20.52 weeks vs. 21.83 weeks last week (6.1% decrease)
Downtown Jersey City Absorption Rate Update July 15, 2011:
25.52 weeks vs. 30.6 weeks last week (15.1% decrease)
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
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