Saturday, August 4, 2012

Hoboken/Downtown Jersey City Absorption Rate Update-August 3, 2012



Inventories in Hoboken decreased 6 units to 216 this week.  This includes condos/coops and 1 to 4 family properties.

The inventory for downtown Jersey City decreased 19 units to 196  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 3, 2012
12 weeks vs. 14.36 weeks last week (16.4% decrease)

Downtown Jersey City Absorption Rate Update-August 3, 2012
20.22 weeks vs. 22.72 weeks last week (11% 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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