Friday, January 13, 2012
Lowest Abssorption Rate EVER in Hoboken-Hoboken/Downtown Jersey City Absorption Rate Update-January 13, 2012
Inventories in Hoboken stand at 220 units this week. This includes condos/coops and 1 to 4 family properties.
The inventory for downtown Jersey City stands increased to 294 units.
I have NEVER seen that absorption rate this low for Hoboken. It's a GREAT time to sell in Hoboken right now.
Hoboken Absorption Rate Update-January 13, 2012
9.73 weeks vs. 17.25 weeks last week (43.6% decrease)
Downtown Jersey City Absorption Rate Update-January 13, 2012
29.63 weeks vs. 45.22 weeks last week (34.5% decrease)
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
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