Friday, December 16, 2011
Hoboken/Downtown Jersey City Absorption Rate Update-December 16, 2011
Inventories for Hoboken dropped to 242 units (condos, single and multi-family homes up to 4 units) this week. This week is now the lowest inventory I've ever seen....I hope I don't keep repeating myself!
Downtown Jersey City dropped to 301 units again this week (condos, single and multi-family homes up to 4 units) which also among the lowest I've ever seen.
Hoboken Absorption Rate Update December 16, 2011:
22.80 weeks vs. 26.72 weeks last week (14.7% decrease)
Downtown Jersey City Absorption Rate Update December 16, 2011
50.18 weeks vs. 66.59 weeks last week (14.6% decrease)
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
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