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:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com

Search listings:
http://www.viewhobokenhomes.com/

Search downtown Jersey City listings:
http://www.alldowntownjerseycityhomes.com/

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