The market has definitely slowed a bit over the last several weeks. Properties are selling, but they're just taking slightly longer than we've seen over the last few months.
Hoboken Absorption Rate Update October 28, 2011:
32.87 weeks vs. 30.23 weeks last week (8.73% increase)
Downtown Jersey City Absorption Rate Update October 28, 2011
57.01 weeks vs. 44.65 weeks last week (27.68% 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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