Absorption Rate For JC Drops Under 20 Weeks-Hoboken/Downtown Jersey City Absorption Rate Update-August 10, 2012

 

Inventories in Hoboken decreased 6 units to 210 this week.  This includes condos/coops and 1 to 4 family properties.

The inventory for downtown Jersey City decreased 7 units to 189  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-August 10, 2012
12.81 weeks vs. 12 weeks last week (6.75% increase)


Downtown Jersey City Absorption Rate Update-August 10, 2012
19.05 weeks vs. 20.22 weeks last week (5.8% 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