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 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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