Friday, December 9, 2011
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:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Search downtown Jersey City listings:
Follow me on Twitter: www.twitter.com/KevinDowdHBJC