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 27, 2012
Absorption Rate Update-January 27, 2012
Inventories in Hoboken increased to 234 units this week. This includes condos/coops and 1 to 4 family properties.
The inventory for downtown Jersey City stands dropped to 292 units.
Hoboken jumped another 50% this week, but I know that the 9 week absorption rate wasn't going to last.
Downtown was down 6.1%, but the rate there is very erratic.
Hoboken Absorption Rate Update-January 27, 2012
30.71 weeks vs. 20.42 weeks last week (50.39% increase)
Downtown Jersey City Absorption Rate Update-January 27, 2012
57.48 weeks vs. 61.23 weeks last week (6.1% decrease)
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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this is some really great info. I've always held the belief that Condos for Sale in Hoboken would again see an uptick in interest and subsequently sales as the US economy regains its foothold and trends upwards in overall financial success.
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