The absorption rate remains extremely low in Hoboken this week at 19.77 weeks of inventory. Overall sales inventory is down about 45% from normal levels.
Downtown Jersey City increased slightly to 35 weeks. Overall sales inventory is also down around 45%.
Hoboken Absorption Rate Update August 26, 2011:
19.77 weeks vs. 19.22 weeks last week (.028% increase)
Downtown Jersey City Absorption Rate Update August 26, 2011:
35.00 weeks vs. 31.68 weeks last week (10.47% increase)
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
Follow me on Twitter: www.twitter.com/KevinDowdHBJC
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