Inventories in Hoboken dropped 1 unit to 161 this week. This includes condos/coops and 1 to 4 family properties.
The inventory for downtown Jersey City dropped 12 units to 141 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 19, 2012
9.89 weeks vs. 9.43 weeks last week (4.87% increase)
Downtown Jersey City Absorption Rate Update-October 19, 2012
12.33 weeks vs. 13.28 weeks last week (7.2% 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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