Inventories in Hoboken increased 9 units units to 279 this week. This includes condos/coops and 1 to 4 family properties.
The inventory for downtown Jersey City increased 3 units to 243 units this week. This number also includes condos/coops and 1 to 4 family properties.
4-16 weeks of inventory = Seller’s market
20-24 weeks of inventory = Neutral market
24 or more weeks of inventory = Buyer’s market
Hoboken Absorption Rate Update-June 15, 2012
16.12 weeks vs. 16.02 weeks last week (.62% increase)
Downtown Jersey City Absorption Rate Update-June 15, 2012
21.50 weeks vs. 24.77 weeks last week (13.2% 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 Hoboken listings: http://www.viewhobokenhomes.com/
Search downtown Jersey City listings: http://www.alldowntownjerseycityhomes.com/
Follow me on Twitter: www.twitter.com/KevinDowdHBJC
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