Inventories in Hoboken dropped 32 units to 251 this week. This includes condos/coops and 1 to 4 family properties.
The inventory for downtown Jersey City increased by 12 units to 245.
I can't remember the last time absorption rates were so low in downtown Jersey City.
Hoboken Absorption Rate Update-April 28, 2012
18.12 weeks vs. 19.16 weeks last week (5.4% decrease)
Downtown Jersey City Absorption Rate Update-April 28, 2012
22.11 weeks vs. 28.56 weeks last week (22.6% decrease)
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
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