Providing The Latest and Most Up-to-Date Real Estate News for Hoboken and downtown Jersey City
My name is Kevin Dowd and welcome to my real estate blog. This blog is meant to educate local buyers and sellers in Hoboken, downtown Jersey City and the surrounding areas by providing up-to-date real estate sales statistics. Area-specific commentary is also provided that will provide you with a fresh perspective on the local real estate market.
Friday, January 20, 2012
Aborption Rates Jump-Hoboken/Downtown Jersey City Absorption Rate Update-January 20, 2012
Inventories in Hoboken stand at 231 units this week. This includes condos/coops and 1 to 4 family properties.
The inventory for downtown Jersey City stands increased to 297 units.
Rates jumped for both Hoboken and downtown Jersey City this week, which is due to some of the end of year sales coming out of the rate calculations.
Hoboken Absorption Rate Update-January 20, 2012
20.42 weeks vs. 9.73 weeks last week (209.87% increase)
Downtown Jersey City Absorption Rate Update-January 20, 2012
61.23 weeks vs. 29.63 weeks last week (206.64% increase)
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Search downtown Jersey City listings:http://www.alldowntownjerseycityhomes.com/
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