Hoboken/Downtown Jersey City Absorption Rate Update-May 18, 2012

 

Inventories in Hoboken dropped 2  units units to 275 this week.  This includes condos/coops and 1 to 4 family properties.

The inventory for downtown Jersey City increased by 8 units to 265. This number also includes condos/coops and 1 to 4 family properties.

Hoboken Absorption Rate Update-May 18, 2012
23.83 weeks vs. 20 weeks last week (19.15% increase)

Downtown Jersey City Absorption Rate Update-May 18 , 2012
23.43 weeks vs. 21.83 weeks last week (7.33% increase)

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

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

Follow me on Twitter: www.twitter.com/KevinDowdHBJC