Friday, September 14, 2012

Where is All The Inventory? Hoboken/Downtown Jersey City Absorption Rate Update-September 14, 2012





Where is all the inventory?

Inventories in Hoboken dropped 11 units to 172 this week.  This includes condos/coops and 1 to 4 family properties.

The inventory for downtown Jersey City dropped 13 units to 174 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 14, 2012
7.53 weeks vs. 8.71 weeks last week (13.5% decrease)

Downtown Jersey City Absorption Rate Update-September 14, 2012
14.5 weeks vs. 17.24 weeks last week (15.9% 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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