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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