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