Friday, January 6, 2012
Low Inventories-Absorption Rate Update-January 5, 2012
Inventories in Hoboken stand at 215 units this week. This includes condos/coops and 1 to 4 family properties.
The inventory for downtown Jersey City stands at 267 units.
Hoboken Absorption Rate Update-January 6, 2012
17.25 weeks vs. 13.57 weeks last week (27.12% increase)
Downtown Jersey City Absorption Rate Update-January 6, 2012
45.22 weeks vs. 46.22 weeks last week (2.2% decrease)
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
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