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, August 19, 2011
Absorption Rate Update-August 19, 2011
The abosroption rate dropped again for Hoboken to the lowest levels we seen in many months.
Jersey City increased to 31.68 weeks but is still doing very well.
Hoboken Absorption Rate Update August 19, 2011:
19.22 weeks vs. 20.25 weeks last week (5.1% decrease)
Downtown Jersey City Absorption Rate Update August 19, 2011:
31.68 weeks vs. 26.08 weeks last week (21.47% increase)
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
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