Inventories in Hoboken dropped 12 units to 162 this week. This includes condos/coops and 1 to 4 family properties.
The inventory for downtown Jersey City dropped 15 units to 153 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-October 5, 2012
9.49 weeks vs. 8.87 weeks last week (6.99% increase)
Downtown Jersey City Absorption Rate Update-October 5, 2012
14.40 weeks vs. 17.34 weeks last week (17% decrease)
Information provided by:
Prudential Castle Point Realty
626 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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