Friday, December 2, 2011
Things are Still Selling in Hoboken This Week-Downtown Jersey City-Not So Much-Absorption Rate Update-December 2, 2011
Inventories for Hoboken dropped to 264 units (condos, single and multi-family homes up to 4 units) this week. This is the lowest inventory I've ever seen.
Downtown Jersey City had 307 units (condos, single and multi-family homes up to 4 units) which also among the lowest I've ever seen.
Hoboken Absorption Rate Update December 2, 2011:
36.92 weeks vs. 37.07 weeks last week (.04% decrease)
Downtown Jersey City Absorption Rate Update December 2, 2011
78.31 weeks vs. 51.67 weeks last week (51.6% decrease)
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
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