Friday, December 23, 2011
Hoboken Properties Selling Faster Than Ever! Hoboken/Downtown Jersey City Absorption Rate Update-December 23, 2011
Inventories for Hoboken dropped to 227 units (condos, single and multi-family homes up to 4 units) this week. This week is now the lowest inventory I've ever seen....and yes, I keep repeating myself!
Downtown Jersey City dropped to 293 units again this week (condos, single and multi-family homes up to 4 units) which also among the lowest inventory rates I've ever seen.
Hoboken Absorption Rate Update December 23, 2011:
17.88 weeks vs. 22.80 weeks last week (21.6% decrease)
Downtown Jersey City Absorption Rate Update December 23, 2011
57.68 weeks vs. 50.18 weeks last week (14.9% increase)
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
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