Inventories in Hoboken decreased 20 units to 233 this week. This includes condos/coops and 1 to 4 family properties.
The inventory for downtown Jersey City increased 5 units to 222 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-July 13, 2012
12.47 weeks vs. 12.75 weeks last week (2.2% decrease)
Downtown Jersey City Absorption Rate Update-July 13, 2012
26 weeks vs. 23.51 weeks last week (10.59% increase)
Information provided by:
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Search Hoboken listings: http://www.viewhobokenhomes.com/
Search downtown Jersey City listings: http://www.alldowntownjerseycityhomes.com/
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