Inventories in Hoboken dropped 2 units to 170 this week. This includes condos/coops and 1 to 4 family properties.
The inventory for downtown Jersey City increased 2 units to 176 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-September 21, 2012
8.47 weeks vs. 7.53 weeks last week (12.48% increase)
Downtown Jersey City Absorption Rate Update-September 21, 2012
17.34 weeks vs. 14.5 weeks last week (19.59% 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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