Friday, February 24, 2012

Hoboken/Downtown Jersey City Sales Update-February 24, 2012

Inventories in Hoboken dropped two units to 228 this week.  This includes condos/coops and 1 to 4 family properties.

The inventory for downtown Jersey City is flat this week increased 12 to 281 units.

Hoboken Absorption Rate Update-February 24, 2012

22.46 weeks vs. 23.19 weeks last week (3.1% decrease)

Downtown Jersey City Absorption Rate Update-February 24, 2012

45.50 weeks vs. 45.36 weeks last week (.003% increase)

Information provided by:

Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957

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