Inventories for Hoboken dropped to 259 units (condos, single and multi-family homes up to 4 units) this week.  This week is now the lowest inventory I've ever seen.

Downtown Jersey City had 307 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 9, 2011:

26.72 weeks vs. 36.92 weeks last week (27.6% decrease)


Downtown Jersey City Absorption Rate Update December 9, 2011

66.59 weeks vs. 78.31 weeks last week (15% decrease)

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:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycitylistings.com/

Follow me on Twitter: www.twitter.com/KevinDowdHBJC