Providing The Latest and Most Up-to-Date Real Estate News for Hoboken and downtown Jersey City
My name is Kevin Dowd and welcome to my real estate blog. This blog is meant to educate local buyers and sellers in Hoboken, downtown Jersey City and the surrounding areas by providing up-to-date real estate sales statistics. Area-specific commentary is also provided that will provide you with a fresh perspective on the local real estate market.
Thursday, February 21, 2013
Monthly Stats Update-January, 2013
The absorption rate remains low for Hoboken and downtown Jersey City again this week. I don't see this changing much until inventory starts to increase.
It's interesting to see how low the absorption rate is when compared to previous years.
There was a strong increase in sq. ft. pricing for Newport 1 BR and 2 BR condos this month. Activity has been limited in this area as pricing is still below original purchase prices for many owners.
Information provided by:
Prudential Castle Point Realty
626 Washington Street
Hoboken, NJ 07030
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